Binance investigating hack as suspicious outflows reach up to $5.8 billion
AI summary
Binance is investigating a hack after suspicious outflows from its hot wallets reached up to $5.8 billion. Tether and Circle froze $1.79 billion in USDT and USDC following the movement of funds. A breach of this scale at the largest exchange would hit confidence across crypto markets and raise questions about stablecoin issuer intervention.
Narrative history
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16M AGOBitcoin Magazine · Score 95 · via $5.8B, hack
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1H AGOThe Defiant · Score 78 · via Hack, Outflows
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1H AGOYou’re reading thisBinance investigating hack as suspicious outflows reach up to $5.8 billionThe Block · Score 92
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1H AGODecrypt · Score 95 · via $1.8B, Tether Circle
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1H AGOCrypto Briefing · Score 72 · via hack, suspected Binance
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1H AGOBeInCrypto · Score 95 · via Tether freeze, freeze
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1H AGOCointelegraph · Score 85 · via Binance investigating, investigating
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2H AGOCrypto Briefing · Score 78 · via hack, suspected Binance
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2H AGOThe Defiant · Score 65 · via suspected Binance, tied suspected
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2H AGOCoinDesk · Score 85 · via Binance hack, hack
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4H AGOU.Today · Score 72 · via Massive Hack, Massive
