Binance investigates possible multi-billion crypto theft
Original title: Binance probes potential $5.8 billion crypto-theft hack
Tether and Circle say they froze more than $2.3 billion linked to the reported incident; Binance has not confirmed theft.
Binance says it is investigating reports of a potential security issue after large transfers from hot wallets. A spokesperson told BleepingComputer that user funds are completely safe. Tether and Circle say they froze more than $1.567 billion in USDT and more than $800 million in USDC. Arkham is tracking addresses labeled binance-hacker-1029 holding about $5.78 billion, which is not a confirmed stolen total.
Unconfirmed: Binance has not confirmed unauthorized transfers, how they occurred, or any stolen total; Arkham's $5.78 billion is tracked holdings, not confirmed theft.
- Changpeng Zhao said on X the incident appeared to be a hack and that he no longer manages Binance.
- Reports describe about $2.53 billion, then $174.4 million, then 780 million USDC moved to one Ethereum address.
- Etherscan labeled an address Binance Hot Wallet Exploiter 2 with Exploit and Heist tags.
- Binance warned customers to avoid unofficial links and requests for account information.
Impact: Possible unauthorized transfer of crypto from hot wallets
- 1.Avoid unofficial links, messages, or requests for Binance account information.
- Victims
- Binance
- Organizations
- Arkham Intelligence
From the original article
2 min read at bleepingcomputer.com
Cryptocurrency exchange Binance is investigating a potential security breach involving up to $5. 8 billion in digital assets, in what could become the largest cryptocurrency hack in history. [...]
By Lawrence Abrams · bleepingcomputer.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.