🐉 Suspected Binance hack: $5.64B tracked out of Binance wallets — the largest drain in crypto history, if confirmed.
👉 On-chain trackers put gross outflows from Binance-labeled wallets at about $5.643B as of 21:22 UTC on Oct 29: $3.53B on Ethereum, $1.45B in Bitcoin (18,270 BTC), $628M on Tron, and $38M across Arbitrum, Optimism and Base.
👉 Stablecoin issuers moved fast: Tether CEO Paolo Ardoino said over $1.567B in USDT has been frozen, and Circle CEO Jeremy Allaire said over $800M in USDC has been frozen — over $2.3B frozen in total.
👉 CZ's words: "User funds are safe. It does look like a hack on Binance" — and as a shareholder he expects all user funds to be fully covered. Binance says its teams are aware of reports of a potential security issue and are actively investigating.
👉 Market reaction: BTC slid below $79,000, ETH fell about 4% and BNB dropped about 6.7% as the news spread.
👉 The honest read: gross outflows are NOT a confirmed final loss — the tally is still moving, part of it is already frozen, and Binance has not yet confirmed any stolen amount. Wait for the official post-mortem before treating $5.64B as the loss figure.
#BinanceSquare #Binance #Bitcoin #crypto @CZ
Funds safe is the headline that matters — verified updates only, from official channels.
👉 On-chain trackers put gross outflows from Binance-labeled wallets at about $5.643B as of 21:22 UTC on Oct 29: $3.53B on Ethereum, $1.45B in Bitcoin (18,270 BTC), $628M on Tron, and $38M across Arbitrum, Optimism and Base.
👉 Stablecoin issuers moved fast: Tether CEO Paolo Ardoino said over $1.567B in USDT has been frozen, and Circle CEO Jeremy Allaire said over $800M in USDC has been frozen — over $2.3B frozen in total.
👉 CZ's words: "User funds are safe. It does look like a hack on Binance" — and as a shareholder he expects all user funds to be fully covered. Binance says its teams are aware of reports of a potential security issue and are actively investigating.
👉 Market reaction: BTC slid below $79,000, ETH fell about 4% and BNB dropped about 6.7% as the news spread.
👉 The honest read: gross outflows are NOT a confirmed final loss — the tally is still moving, part of it is already frozen, and Binance has not yet confirmed any stolen amount. Wait for the official post-mortem before treating $5.64B as the loss figure.
#BinanceSquare #Binance #Bitcoin #crypto @CZ
Funds safe is the headline that matters — verified updates only, from official channels.