Binance experienced a $5.8B outflow with $2.4B in stablecoin freezes, representing approximately 0.7% of customer assets.
Security & Exploits ·
Approximately $5.8B in assets left Binance wallets, with Tether and Circle freezing around $2.4B in stablecoins, representing roughly 0.7% of the exchange's customer assets according to one estimate. The outflow amount is nearly four times the scale of the Bybit hack. Corroborating reports indicate funds moved to newly created addresses via Tornado Cash.