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Binance hackers raced to move billions before it could be frozen

CointelegraphCointelegraph by Christina Comben3h ago8/10

Attackers converted stolen stablecoins into assets issuers could not freeze, while Tether and Circle moved to immobilize billions in response.

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1
Binance hit by $5.8B hack as Tether and Circle freeze billions
Cointelegraph1d ago9/10
Binance is investigating a multibillion-dollar hot wallet breach, with Tether and Circle freezing over $2.36B in stablecoins; the figures are still shifting.
Also covered by r/CryptoCurrency, CoinDesk, Protos, theguardian.com +7 more
#Security #Stablecoins
2
Binance is investigating a major security incident that resulted in unauthorized withdrawals estimated to have a financial impact of about $6.3 billion, the cryptocurrency exchange said.
r/CryptoCurrency11h ago8/10
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
#Security #Markets