Follow UsBinance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
Bearish-0.07%
29 Oct, 21:36
Source: Decrypt
AI Summary
A suspected $5.57 billion hack on Binance and subsequent asset freezes by Tether and Circle pose significant security and reputational risks to major crypto exchanges and stablecoins.
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.