Binance hack drained wallets backing customer assets, reserve data shows
Summary
Recent reserve data reveals that hackers drained cryptocurrency wallets containing funds used to support customer assets on the Binance exchange. This security breach leaves the platform with a significant deficit in its ether reserves until the missing digital assets are fully replenished.
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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