Binance got hit. Attacker moved 1,906.67 $PAXG from the exchange.

Paxos confirmed via on-chain analysis and froze the tokens in wallet 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c.

Paxos infrastructure untouched. $PAXG, $PYUSD, and $USDG reserves fully backed. Redemptions running smooth.

Situation still unfolding. Paxos coordinating with law enforcement.

Stablecoin infrastructure holding up while CEX security gets tested again.