Key Highlights: Blockchain intelligence firm Arkham estimated substantial unauthorized outflows impacting Binance across nine networks, with Ethereum accounting for $3.739 billion of the total drain. Stablecoin issuers responded swiftly, freezing over $1.768 billion in USDT and $824.56 million in USDC, though Arkham estimates around $2.9 billion in cryptocurrencies like BTC, ETH, and SOL remains movable. ...
Key Highlights Total 24-hour cryptocurrency liquidations soared to $1.52 billion, with $1.36 billion triggered following a hack targeting Binance. Bitcoin fell to an October low near $80,500 before rebounding slightly above $78,000, while Ethereum dropped over 3% to trade under $2,250. Nearly 240,000 derivatives traders were liquidated, predominantly long positions, led by Bitcoin ($482 million) ...
Key Highlights Binance confirmed an exploit with an estimated total impact of around $6.3 billion, with approximately $3 billion in affected assets already frozen on-chain. Binance leadership, including co-founder Yi He, stated that user funds are safe and all losses will be covered using the platform’s SAFU reserve and corporate funds. Following the incident and ...
Key Highlights: The cryptocurrency market faced widespread declines following an unprecedented security incident at Binance affecting roughly $6.3 billion in assets. Bitcoin fell over 3% to approximately $77,400 after briefly touching $76,000, triggering $1.5 billion in market-wide futures liquidations. Binance indicated that a compromised engineer’s laptop may have enabled the unauthorized withdrawals, while former CEO ...
Key Highlights Onchain estimates indicate that between $5.3 billion and $5.8 billion in outflows occurred across Ethereum, Bitcoin, and Tron, potentially making it the largest security incident in crypto history. Security analysts point to an EIP-7702 delegation transaction on Ethereum as a primary point of exploitation, while major stablecoin issuers including Tether and Circle moved ...
Key Highlights A confirmed security incident targeting Binance has triggered swift intervention from major stablecoin issuers. Both Tether and Circle have moved to freeze illicit assets associated with the exploit across their respective networks. The exact monetary value of the frozen tokens and the overall scale of the breach remain unverified pending official, matching disclosures ...
Key Highlights: Cybersecurity analysts are investigating a breach targeting Binance that resulted in the theft of more than $2.5 billion in cryptocurrency, marking the largest hack in crypto history. Onchain security firm Blockaid identified the exploitation of an EIP-7702 authorization bundle that allowed a malicious sweeper contract to drain funds from a major Binance wallet. ...
Key Highlights: An attacker exploited Ethereum standard EIP-7702 to siphon approximately 204,500 ETH alongside altcoin assets from Binance-associated exchange wallets. The drain reduced Binance’s ETH reserve ratio from 100% to around 94%, though co-CEO Yi He and founder Changpeng Zhao affirmed that user funds remain secure and will be fully honored. Major stablecoin issuers and ...
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 ...
Key Highlights: Centralized stablecoin issuers, including Tether, Circle, and Ripple, intervened to freeze hundreds of millions of dollars in suspected exploit funds linked to a major exploit involving Binance. The perpetrator routed massive quantities of capital through decentralized platforms, utilizing Uniswap and Aave to rapidly convert assets into Ethereum (ETH). DeFi platforms implemented emergency protocols, ...
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 ...
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. ...