Topic Archive

#Binance hack

3 Stories Found

Coins•5h ago

Bitcoin Whipsaws Below $79,000 Amid Reports Binance Hot Wallet Drained by Tornado Cash-Linked Address

Key Highlights Major stablecoin issuers Tether and Circle froze a combined total of nearly $2.4 billion in assets connected to a suspected exploit targeting cryptocurrency exchange Binance. On-chain monitoring recorded massive outflows across multiple blockchains totaling an estimated $2.8 billion, including multi-million dollar transfers of Ether and USD Coin. The incident accelerated a broader crypto ...

4 min readRead

Coins•6h ago

Crypto Market Crashes After Binance Hack as $628 Million Liquidated in One Hour

Key Highlights: A massive flash liquidation wave forced the closure of roughly $628 million in leveraged crypto positions within a single hour, with $607 million consisting of long bets. Binance’s native token, BNB, absorbed the heaviest hit among top assets with a 6.1% drop, while Bitcoin lost its $80,000 support level as overall market cap ...

5 min readRead

Coins•7h ago

CZ Issues Statement on Binance Hack, Confirms Security Breach

Key Highlights: Binance founder Changpeng “CZ” Zhao confirmed that a security breach took place targeting the cryptocurrency exchange. CZ assured customers that user funds remain completely safe following the security incident. Major stablecoin issuers stepped in to assist, with CZ acknowledging and appreciating asset freezes of $971 million by Tether and $823 million by Circle. ...

3 min readRead