Hacking News
Binance Hack Causes Massive Outflows
The Binance hack caused a significant loss of funds, with attackers draining approximately $6.4 billion from Binance’s hot wallets across multiple blockchains. The attack, attributed to the North Korea-linked group TraderTraitor, occurred on Thursday afternoon. The Binance hack led to the Bitcoin ETFs losing $643.3 million on Friday, marking the biggest day of the month and ending a four-session buying streak. The incident also affected other crypto exchanges, with the ETH ETFs experiencing their worst month since launch.