Binance hot wallets got drained Thursday night — here's how it played out:
Between 8:24-9:04 PM UTC, billions in $ETH, $USDT, and $USDC moved to fresh addresses. Funds were immediately pushed forward.
First transfer? Funded through Tornado Cash. Classic mixer move to obscure the source.
Once flagged, Tether and Circle froze over $1.5B combined. Fast response = recoverable funds.
CZ called it a likely hack. Binance is investigating, no full story yet.
User funds safe. CZ says full coverage expected. No panic needed — but watch how this unfolds ✦
Between 8:24-9:04 PM UTC, billions in $ETH, $USDT, and $USDC moved to fresh addresses. Funds were immediately pushed forward.
First transfer? Funded through Tornado Cash. Classic mixer move to obscure the source.
Once flagged, Tether and Circle froze over $1.5B combined. Fast response = recoverable funds.
CZ called it a likely hack. Binance is investigating, no full story yet.
User funds safe. CZ says full coverage expected. No panic needed — but watch how this unfolds ✦