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Binance founder and former CEO Changpeng Zhao said that the exchange had likely suffered a hack, but maintained that user funds are safe.
Crypto exchange Binance may have suffered a $2.77 billion hack on Thursday after on-chain data showed funds leaving the exchange's hot wallets across five blockchain networks to unconfirmed addresses.
Binance founder and former CEO Changpeng Zhao noted in an X post that it is likely a hack, but maintained that user funds are safe. Stablecoin issuers Tether and Circle froze $971 million and $873 million worth of stablecoins following the move.
Binance founder and former CEO Changpeng Zhao said that the exchange had likely suffered a hack, but maintained that user funds are safe.
Crypto exchange Binance may have suffered a $2.77 billion hack on Thursday after on-chain data showed funds leaving the exchange's hot wallets across five blockchain networks to unconfirmed addresses.
Binance founder and former CEO Changpeng Zhao noted in an X post that it is likely a hack, but maintained that user funds are safe. Stablecoin issuers Tether and Circle froze $971 million and $873 million worth of stablecoins following the move.
