Binance hack drained wallets backing customer assets, reserve data shows
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.
Watchlist
Fresh in the current trading session. Multiple named entities are involved.
Why this matters
Binance is showing up inside the Security Incidents theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CoinDeskRelated market context
Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack
Bitcoin Magazine Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack Bitcoin dropped below $79,000 on...
Binance Founder Suggests Likely Hack as Billions in Crypto Leaves Exchange Wallets
Billions of dollars’ worth of cryptocurrency was pulled from the wallets of leading exchange Binance on Thursday, according to onc...
Binance Says User Funds Are ‘Completely Safe’ After $3.5 Billion Drains From Its Hot Wallets
Binance said on X that “user funds are completely safe” after wallets Etherscan labels as Binance hot wallets sent billions of dol...
Binance outflows to Tornado-funded wallets flagged on X, but no public data confirms them
The unverified claims highlight ongoing tensions between privacy tools and regulatory scrutiny, impacting trust in crypto exchange...
LIVE: Binance suspends withdrawals amid massive crypto hack
Billions of dollars worth of digital assets left wallets controlled by the world’s largest crypto exchange, Binance, on Thursday a...
Inside the $5.8B Binance Hack: What’s Confirmed and What Isn’t
A suspected security breach at Binance has grown into a multibillion-dollar cryptocurrency emergency, with analysts tracking as mu...