🚨 Binance postponed PREDICT's spot listing just nine minutes after disclosing its own security incident. But the project had already experienced a separate wallet-security problem.
#binancewilllistpredictpredict
Binance originally scheduled PREDICT/USDT, PREDICT/USDC and PREDICT/TRY trading for October 30 at 10:00 UTC.
At 02:23 UTC, Binance published its security incident update. At 02:32 UTC, it announced that PREDICT's listing would be postponed until further notice.
Binance did not disclose a reason for the postponement.
But there's another development worth examining.
Predict.fun had already experienced unauthorized withdrawals involving 29 wallets. Bitquery traced approximately $397,708 in USDT leaving affected addresses across two waves on October 22 and 27.
The important detail: the observed withdrawals were signed using the affected wallets' own keys, and investigators found no calls to Predict's smart contracts.
Predict said a third-party-hosted API documentation site may have been compromised and pledged to reimburse affected users.
These are separate incidents. There is no verified evidence connecting the Predict wallet losses to Binance's security breach or proving that either caused the listing delay.
The project needs to demonstrate that its wallet-security concerns have been addressed before its token launch resumes.
What would give you confidence in the relaunch: an independent security review, a detailed postmortem or confirmed reimbursement of affected users?
Not financial advice.
$PREDICT $BNB $BTC
#BinanceWillListPredictPREDICT #BitcoinDropsBelow$80K #Binance #CryptoSecurity
#binancewilllistpredictpredict
Binance originally scheduled PREDICT/USDT, PREDICT/USDC and PREDICT/TRY trading for October 30 at 10:00 UTC.
At 02:23 UTC, Binance published its security incident update. At 02:32 UTC, it announced that PREDICT's listing would be postponed until further notice.
Binance did not disclose a reason for the postponement.
But there's another development worth examining.
Predict.fun had already experienced unauthorized withdrawals involving 29 wallets. Bitquery traced approximately $397,708 in USDT leaving affected addresses across two waves on October 22 and 27.
The important detail: the observed withdrawals were signed using the affected wallets' own keys, and investigators found no calls to Predict's smart contracts.
Predict said a third-party-hosted API documentation site may have been compromised and pledged to reimburse affected users.
These are separate incidents. There is no verified evidence connecting the Predict wallet losses to Binance's security breach or proving that either caused the listing delay.
The project needs to demonstrate that its wallet-security concerns have been addressed before its token launch resumes.
What would give you confidence in the relaunch: an independent security review, a detailed postmortem or confirmed reimbursement of affected users?
Not financial advice.
$PREDICT $BNB $BTC
#BinanceWillListPredictPREDICT #BitcoinDropsBelow$80K #Binance #CryptoSecurity
