HoneyJohn

Pray for Binance
Binance Hacking Incident: What Happened?

A major security incident involving Binance has raised concerns across the crypto market.

Here are the key points:
1️⃣ Massive Fund Movements
On chain analysts reported unusual movements involving more than $5.5 billion in crypto assets. The exact nature and impact of these transactions are still being investigated.

2️⃣ Tether and Circle Take Action
Tether (USDT): Approximately $975 million reportedly frozen.
Circle (USDC): Approximately $823 million reportedly frozen.
Combined: Around $1.8 billion in assets.

3️⃣ Binance's Response
Binance stated that it is investigating potential security concerns and that customer funds remain safe. CZ also expressed confidence that user funds would be fully covered.

4️⃣ Market Impact
The incident has triggered renewed concerns about exchange security, liquidity, and trust, putting pressure on major crypto assets, including $BTC and $BNB

For now, we should avoid speculation and follow official announcements and verified on chain data.
Security and transparency matter more than ever.

Pray for Binance
#Binance #CryptoSecurity $BTC #USDT #USDC

🚨 Hacker Is Still Selling!
The latest on chain movements show that the attacker is continuing to move and sell stolen assets.

🔴 $UNI I : Over 3M UNI sold on Uniswap in 200K–400K chunks, contributing to a 7% price drop.
🔴 $PEPE : Selling activity has started.
🔴 $ENA & $wBETH: 217M ENA and $75M worth of wBETH moved to a new wallet.
🔴 ETH: 122K ETH worth approximately $276M transferred to another fresh address.
The stablecoin freeze stopped some funds, but it hasn't stopped the movement of other stolen assets.
The situation is still developing. On chain monitoring remains critical.

#Binance #CryptoSecurity #OnChain #DeFi

be careful Crime Szn