Binance Founder Says Exchange May Be Victim of Biggest-Ever Crypto Heist
Stablecoin issuers froze more than $2.3 billion as Binance said user funds were safe and suspended deposits and withdrawals during the investigation.
- On Thursday, Binance confirmed it is investigating a "potential security issue" after reports of more than $2 billion in digital assets moving from its hot wallets to an unverified address.
- Blockchain data indicates transfers originated from internet-connected hot wallets and were funded through Tornado Cash, a service that obscures transaction origins, leaving the total amount unclear.
- Tether CEO Paolo Ardoino and Circle CEO Jeremy Allaire froze more than $1.567 billion and $800 million in linked assets, while Binance founder Changpeng Zhao said he expects user funds to be "fully covered."
- Binance spokesperson Ross O'Leary confirmed the exchange "temporarily suspended withdrawals on multiple networks" as a precautionary measure, while Bitcoin and Ether prices dipped 2.5% and 3.5% respectively.
- Estimates of the potential theft range from $1.7 billion to $5.7 billion, while Binance warned users to avoid unofficial links or requests for account information during the investigation.
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319 Articles
Sydney Morning Herald
‘Biggest hack in history’: Crypto giant freezes assets after $8.9b heist
Binance says a security breach had resulted in an estimated $8.9 billion impact. Analysts said it could amount to the biggest crypto heist ever.
leprogres.fr
The cryptocurrency trading platform assured that it would cover "all losses" after being the victim of a major hack.
All "deposits and withdrawals" are "temporarily suspended" on the platform. Binance has announced that it has frozen half of the funds to prevent a massive theft. "This looks like a cyberattack," said the former owner of the site. - Cryptomonnies: the Binance platform is the victim of a massive hacking estimated at $6.3 billion (International).
The world's largest crypto exchange, Binance, has been hacked. Criminals — suspicion falls on North Korean hackers — have stolen crypto worth approximately…
The course of the bitcoin fell sharply in the night from Thursday to Friday, after the first rumors of the platform's massive cyberattack, a few hours before the platform confirmed it.
The break-in could be the largest in history.
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