$6.3B. The largest crypto theft ever. Here is what is confirmed about the Binance hack — and what is still noise.
CONFIRMED
• ~$6.3B drained from hot wallets across 10 chains on Thursday
• ~$3B already frozen with partners
• Binance set aside $6.34B of its own funds, including $5B in the exact stolen tokens
• Withdrawals still paused, target restart ~40h from Friday's update
• Full proof-of-reserves due Monday
NOT CONFIRMED
• How much is actually recovered — frozen is not recovered
• Attacker identity. TRM Labs says North Korea's TraderTraitor; Binance has not confirmed
• Whether the $5B is verifiable on-chain. CertiK says it needs more data
$BTC 76,480 (-5.4%). $BNB 697 (-6.3%).
My plan: no panic selling. While withdrawals are paused, selling spot does not get your money off the exchange anyway. Two things actually matter — the withdrawal restart and Monday's PoR.
BTC: 76,300 is the line. Reclaim 77,700 → 79,000 opens. Lose 76,300 → 74,800.
PoR or price — which one are you watching?
#Bitcoin
NFA. I trade my own book. DYOR.
CONFIRMED
• ~$6.3B drained from hot wallets across 10 chains on Thursday
• ~$3B already frozen with partners
• Binance set aside $6.34B of its own funds, including $5B in the exact stolen tokens
• Withdrawals still paused, target restart ~40h from Friday's update
• Full proof-of-reserves due Monday
NOT CONFIRMED
• How much is actually recovered — frozen is not recovered
• Attacker identity. TRM Labs says North Korea's TraderTraitor; Binance has not confirmed
• Whether the $5B is verifiable on-chain. CertiK says it needs more data
$BTC 76,480 (-5.4%). $BNB 697 (-6.3%).
My plan: no panic selling. While withdrawals are paused, selling spot does not get your money off the exchange anyway. Two things actually matter — the withdrawal restart and Monday's PoR.
BTC: 76,300 is the line. Reclaim 77,700 → 79,000 opens. Lose 76,300 → 74,800.
PoR or price — which one are you watching?
#Bitcoin
NFA. I trade my own book. DYOR.