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#crypto exchange exploit

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Binance Hack: XRP Hit First as Five Wallets Drained in About Four Minutes
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Binance Hack: XRP Hit First as Five Wallets Drained in About Four Minutes

Key Highlights: Binance suffered a multi-network wallet breach where an attacker drained funds across the XRP Ledger, Ethereum, Bitcoin, Tron, Solana, and four other networks via compromised signing access. Ripple intervened by freezing 40.5 million stolen RLUSD stablecoins on Ethereum and restricting wallet access, while the stolen XRP remained stationary as of October 31. Binance ...

Binance Allocates $6.34B to Cover Hack Losses and Outlines Withdrawal Timeline
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Binance Allocates $6.34B to Cover Hack Losses and Outlines Withdrawal Timeline

Key Highlights: Binance has covered 79.4% of the $6.3 billion exploit impact in kind using its emergency SAFU reserve and corporate treasury, leaving approximately $1.3 billion to be acquired via open-market and OTC purchases. Withdrawals remain frozen since October 29 but are slated to resume in phases within roughly 34 hours of Friday’s update, with ...