$BTC : Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack ━━━━━━━━━━━━━━━━━━━━
Bitcoin Magazine Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack Bitcoin dropped below $79,000 on Thursday as reports of a suspected multibillion-dollar hack at Binance, the world’s largest crypto exchange, rippled through markets.
The selloff followed reports of heavy outflows from Binance-linked wallets. Some social media reports cited suspicious outflows of up to $5.8 billion, citing onchain data that shows about $3.55 billion in incoming transfers to an unlabeled wallet.
20 institutions join DTCC token service, but only 34 securities qualify ━━━━━━━━━━━━━━━━━━━━
• Already-tokenized securities can move between registered wallets all weekend; conversion orders remain limited to business-day hours. • The Depository Trust Company, DTCC’s securities depository, launched its Tokenization Service on Oct. • 28, giving eligible institutions a way to move tokenized securities over weekends. • DTCC said 20 Participants had signed access agreements at launch, and the service’s launch scope allows conversion orders through its interface and API from 2 a.m. to 6 p.m.
Binance is investigating a potential multibillion-dollar security breach involving one of its Ethereum wallets, after suspicious transfers prompted stablecoin issuers Tether and Circle to reportedly freeze nearly $1.8 billion in assets.
A Binance spokesperson told Cointelegraph on Thursday that the exchange was investigating reports of a potential security issue but had not confirmed any impact on user funds. The spokesperson said its security teams were reviewing the activity and would provide updates once more information was verified.