Hacking News
Binance Hack Exceeds $6.4B
Binance suffered the biggest hack in crypto history, with approximately $6.4 billion stolen. The money was left across three different blockchains: roughly $3.5 billion in ETH, $1.4 billion in BTC, and $630 million on Tron. Stablecoin issuers like Tether and Circle froze their tokens to prevent the stolen funds from being used to borrow against, locking up about $2.39 billion. Aave also froze its V3 and V4 markets on Ethereum to prevent the attacker from leaving bad debt. Binance stated that user funds are completely safe and has reserved over $6.34 billion in company funds to cover losses.