Tether Freezes 971 Million USDT in Wallet Linked to Suspected Binance Drain
11 outlets · first seen 12h ago · latest 1h ago
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The Defiantfirst seen
Tether Freezes 971 Million USDT in Wallet Linked to Suspected Binance Drain
Binance says it is investigating a potential security issue but has not confirmed any impact to user funds.…
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Crypto Briefing
Tether freezes $971M USDT linked to suspected Binance hack
The freeze highlights vulnerabilities in crypto exchanges, prompting scrutiny on security measures and the stability of digital asset markets. The post Tether freezes $971M USDT linked to suspected Binance hack appeared first on Crypto Briefing.
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BeInCrypto
Binance Hack: $2 Billion Drained, Circle and Tether Freeze, Crypto Markets React
Binance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds. The concern centers on an Ethereum address that appeared to hold more than $2.3 billion in tokens. Etherscan screenshots reviewed by BeInCrypto show it received 28,005.6 ETH from a Binance-labelled wallet, then…
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Crypto Briefing
Tether freezes over $1.567 billion in USDT tied to suspected Binance hack
The swift freeze by Tether and Circle underscores the power and limitations of centralized control in decentralized finance, impacting trust dynamics. The post Tether freezes over $1.567 billion in USDT tied to suspected Binance hack appeared first on Crypto Briefing.
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Decrypt
Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
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Web3 Is Going Great
Binance hacked for around $2 billion and counting, some frozen
Sudden outflows from several Binance hot wallets suggest that Binance is being exploited for around $2 billion and counting. Though it's not unusual for exchanges to rotate their hot wallets, assets were transferred from existing hot wallets to new wallets and then quickly swapped for Tether – which is unusual. Luckily for Binance, Tether quickly began freezing some of the exploiter…
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Unchained
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 dollars in crypto to a single new address on Thursday afternoon, and Tether and Circle froze about $2 billion in stablecoins. That line came at 5:29 p.m. ET in a revised statement. A 5:16 p.m. ET version said its…
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The Block
Binance investigating hack as suspicious outflows reach up to $5.8 billion
Tether and Circle froze $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets. Binance says it is investigating.
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The Defiant
Binance Pauses Withdrawals Amid Suspected Hack, Says User Funds Are Safe
Tether says it froze more than 1.567 billion USDT as Binance investigates large wallet outflows and conducts security checks.…
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CryptoSlate
Trump’s crypto firm joins Tether, Circle, and Ripple in $2.6 billion stablecoin freeze as Binance hack outflows near $6 billion
Stablecoin issuers, including Tether, Circle, Ripple, and World Liberty Financial, have frozen more than $2.6 billion in digital assets linked to a suspected Binance security breach involving nearly $6 billion. On Oct. 29, Tether CEO Paolo Ardoino said the company had frozen more than $ 1.567 billion in USDT linked to the suspected incident. He…
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The Defiant
Binance Exploiter Swaps $911 Million Into ETH and TRX, Arkham Says
The conversions moved USDT beyond Tether’s token-freezing mechanism, while Arkham reported $2.8 billion of the stolen assets already frozen.…
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The Defiant
Chainalysis Links $6.4 Billion Binance Hack to North Korea
Binance estimates the impact at $6.3 billion and says about $3 billion has been frozen onchain, with withdrawals still suspended.…
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crypto.news
Binance hack: How one wallet trick led to a $6.3 billion breach
Binance hack investigation finds one of 50 Ethereum authorizations enabled a hot wallet breach, as the exchange reports $6.3 billion affected and $3 billion frozen.
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Brave New Coin
Binance Confirms $6.3B Security Breach, Freezes $3B in Assets and Pledges Full Compensation
The exchange says blockchain partners have frozen approximately $3 billion in affected assets. Binance has also pledged to cover all losses through its Secure Asset Fund for Users (SAFU) and company resources. However, the incident raises serious questions about its internal security controls and the safeguards protecting customer assets. Binance Traces $6.3B Security Breach to Compromised DevOps Laptop In an…
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The Defiant
Teng Says Binance Breach Was Not a ‘One-Click’ Attack
Withdrawals remain paused while deposits operate normally; Binance says about $3 billion in affected assets has been frozen onchain.…
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Bitcoin News
Ripple and Trump’s World Liberty Help Freeze Binance Hacker’s Loot
Ripple froze about $200 million and World Liberty Financial froze $27 million in USD1 tied to the Binance hack, joining Tether, Circle and Coinbase in a rare industry-wide lockdown. Ripple Steps in Binance’s ongoing crisis has turned into an unusual show of cooperation amongst some of the biggest names in crypto. Most recently, Binance co-CEO […]