Hacking News
Binance Drained of $5.57 Billion in Suspected Hack
An on-chain tally indicates that $5.57 billion in crypto has left Binance's hot wallets across three blockchains, suspected to be the result of a hack. The breach appears to be the largest in crypto history. Binance has not confirmed the hack but is actively investigating. Tether and Circle have frozen $1.8 billion in USDT and USDC to prevent further losses.