Hacking News
Binance Hack Fears Mount
Binance faces fresh security concerns after wallets linked to the exchange moved about $2.77 billion across five blockchains on Thursday. Co-founder Changpeng Zhao stated that user funds are safe, acknowledging a possible hack and praising stablecoin issuers for freezing suspicious funds. Tether CEO Paolo Ardoino and Circle CEO Jeremy Allaire confirmed that more than $1.567 billion in USDT and USDC had been frozen, respectively. The differing figures leave the total amount frozen unclear. No security firm had confirmed that funds were stolen. The transfers may also have involved Binance moving assets between its own wallets. Binance has not confirmed whether customer funds were affected.