Binance probes possible hack after outflows of up to $5.8 billion
Tether and Circle froze $1.79 billion in USDT and USDC linked to suspicious transfers from wallets associated with Binance. The exchange says it is investigating the activity as a potential security incident, with Security Affairs reporting that the transfers occurred on October 29 and raised concerns about a possible hack.
- The Block reports that the outflows came from Binance hot wallets.
Covered by 2 publishers within 1 hour of the first report.
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The Block Binance investigating hack as suspicious outflows reach up to $5.8 billion · Jason Shubnell and Yogita Khatri
Security Affairs Binance Investigates Suspicious Crypto Transfers Worth Up to $5.8 Billion · Pierluigi Paganini