Binance suspected hack drains $5.5 billion as Tether and Circle freeze $1.8 billion
AI summary
Binance appears to have suffered a massive drain, with an on-chain tally putting the suspected loss at $5.57 billion across three blockchains. Tether and Circle responded by freezing $1.8 billion of the funds. A suspected hack of this size at the largest exchange would hit market confidence hard and raises questions about how much of the stolen funds can be recovered.
Narrative history
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17M AGOBitcoin Magazine · Score 95 · via hack, Circle freeze
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1H AGOThe Defiant · Score 78 · via Hack, Outflows
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1H AGOThe Block · Score 92 · via $1.8B, Tether Circle
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1H AGOYou’re reading thisBinance suspected hack drains $5.5 billion as Tether and Circle freeze $1.8 billionDecrypt · Score 95
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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
