Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
Summary
Major cryptocurrency exchange Binance experienced a massive outflow of funds across three different blockchains. In response to this suspected security breach, digital asset issuers Tether and Circle quickly moved to freeze a significant portion of the affected capital.
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
Source: Read the full story at Decrypt
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