200 million USDT flows out of Binance's hot wallet once again, and Tether promptly freezes the funds. - Lookonchain

CZ: Binance’s loss in this incident may be slightly over $1 billion, but the exchange will fully cover the amount.

Binance founder CZ responded to DeFiLlama founder 0xngmi’s analysis on Binance’s asset losses, stating that the total loss could be slightly over $10 billion, but Binance will cover the related losses. Earlier, 0xngmi published a post noting that Binance’s custodial assets stood at roughly $1.44 trillion, estimating a final loss of around $10 billion after the freezing of USDT and USDC, which accounts for just 0.69% of its total custodial assets — a loss Binance can easily absorb via its balance sheet.

11 minutes ago

Suspected Binance hacker sold 3.86 million UNI tokens via Uniswap in 23 separate transactions, converting them into ETH worth approximately $22.8 million.

On-chain analyst Andy revealed in a post that the hacker behind the suspected Binance breach is converting UNI tokens to ETH via Uniswap. Of the 7.02 million UNI previously transferred to the same wallet, 3.86 million have been sold across 23 transactions. The wallet currently holds 10,002 ETH, valued at approximately $22.8 million, with 3.16 million UNI still awaiting sale.

11 minutes ago

He Yi: Binance suspends withdrawals until the environment is confirmed safe and user funds are secure.

Binance co-founder He Yi posted that the crypto exchange has suspended withdrawals to ensure safety, until the relevant environment is confirmed secure. She thanked users for their understanding and support, and emphasized the importance of user fund safety, referencing Binance’s SAFU (Secure Asset Fund for Users). Additionally, He Yi thanked the World Liberty Financial team for assisting in freezing $27 million worth of USD1 and 48 million WLFI tokens, valued at approximately $2 million.

11 minutes ago

Binance Hacked for $5.8B, $2.41B in $USDT and $USDC Frozen

Binance has been hacked for over $5.8B! Of that, 1.58B $USDT and 823M $USDC (a total of $2.41B) have been frozen.

11 minutes ago

Binance: Investigating potential security issues, user funds remain fully safe.

Binance has issued an official statement noting reports of potential security issues and is currently conducting an active investigation. The exchange’s security team is urgently reviewing all relevant information, and will release updates via official channels once verified. Binance emphasized that user funds remain fully secure, and reminded users to stay vigilant against scams, warning them not to trust unofficial links, messages, or requests for account information.

11 minutes ago

Tether has frozen over $1.567 billion in USDT, which is suspected to be linked to stolen assets from Binance.

Tether has frozen more than $1.567 billion worth of USDT, according to a Bloomberg Terminal report. The freeze is reportedly linked to stolen assets from Binance. Binance co-founder He Yi recently posted that the exchange has noticed reports of potential security issues and is actively investigating. The security team is urgently reviewing all relevant information, and will release updates via Binance’s official channels after verification. He Yi also reminded users to beware of scams, advising them not to trust unofficial links, messages or requests for account information, and emphasized user fund safety (SAFU).

11 minutes ago