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#Allora

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Binance Hackers Left Unable to Sell Stolen Altcoin Remaining in Their Possession
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Binance Hackers Left Unable to Sell Stolen Altcoin Remaining in Their Possession

Key Highlights: The Allora team confirmed that none of the $ALLO tokens taken during the Binance security incident were sold or transferred out of the attacker’s wallets. An emergency protection mechanism embedded within the $ALLO smart contract was triggered immediately, neutralizing the attacker’s ability to move or liquidate the assets. Efforts to return all affected ...

Allora Freezes Stolen ALLO Tokens and Begins Full Binance Recovery
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Allora Freezes Stolen ALLO Tokens and Begins Full Binance Recovery

Key Highlights: Binance set aside over $6.34 billion to cover affected assets and started acquiring missing tokens following an exploit of Ethereum’s EIP-7702 authorization standard. Major industry partners aided recovery efforts by freezing roughly $3 billion, including Tether locking over $1.567 billion in USDT and Circle freezing more than $800 million in USDC. Binance co-CEO ...