Binance hack drained wallets backing customer assets, reserve data shows
Summary
Official reserve data reveals that recent hackers drained cryptocurrency wallets that were designated to back user assets. Because of this security breach, the exchange currently faces a six percent deficit in its ether reserves until the missing funds are fully replaced.
Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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