Crypto read · shared from CryptoBloggers

Crypto firm Binance covers 90% of losses after $6.3B hack

bbc.comcolinprince2h ago8/10

Binance will cover about 90% of losses from a $6.3B hack, a major security and reserve story for the exchange and its users.

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1
Binance hit by $5.8B hack as Tether and Circle freeze billions
Cointelegraph2d 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 CoinDesk, Decrypt, Chainalysis, Unchained +6 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/CryptoCurrency1d ago8/10
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
#Security #Markets
3
18,270 BTC left a Binance hot wallet in one transaction, and no one can freeze it. Censorship resistance cuts both ways, and so does "not your keys"
r/Bitcoin1d ago8/10
On-chain tracing via TRM Labs shows 18,270 BTC left a Binance hot wallet in one transaction, and the BTC cannot be frozen, unlike stablecoins. A sharp look at censorship resistance.
#Security #Bitcoin