๐จ BREAKING: Historic Binance hack shakes the crypto market
The attack: Unauthorized access through hot wallets drained an estimated $6.3B across multiple chains (Ethereum, BTC, Tron).
Swift response: Tether, Circle, and other issuers have already frozen more than $3B of the stolen funds.
Official reassurance: Richard Teng and CZ confirmed that usersโ funds are safe and that the platform will cover 100% of the losses using its corporate funds and SAFU.
Current status: Withdrawals are temporarily paused while the entire security infrastructure is reinforced.
How do you see this affecting the market in the short term? Iโd love to hear your thoughts in the comments! ๐
The attack: Unauthorized access through hot wallets drained an estimated $6.3B across multiple chains (Ethereum, BTC, Tron).
Swift response: Tether, Circle, and other issuers have already frozen more than $3B of the stolen funds.
Official reassurance: Richard Teng and CZ confirmed that usersโ funds are safe and that the platform will cover 100% of the losses using its corporate funds and SAFU.
Current status: Withdrawals are temporarily paused while the entire security infrastructure is reinforced.
How do you see this affecting the market in the short term? Iโd love to hear your thoughts in the comments! ๐