Circle · Tether · Ethereum · Bitcoin · Decrypt
Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
At least $5.57 billion in crypto has left wallets linked to Binance across three blockchains in what appears to be a breach of the world’s largest cryptocurrency exchange.
Key facts
- Bitcoin slid below $79,000, down about 2.6% in 24 hours, while BNB, Binance's own token, fell about 7% to roughly $699
- The tally counts $3.51 billion on Ethereum, $1.44 billion in 18,270 Bitcoin and $630 million on Tron
- Tether froze 975.1 million USDT in the main receiving address, and Circle, issuer of the rival stablecoin USDC, froze 823 million USDC in the same wallet at 21:04 UTC, bringing the total frozen
- A Binance-labeled wallet moved 167,464 ETH + 63 tokens, including 1.615B USDT, 3m24s after a signed delegation was installed
Summary
At least $5.57 billion left Binance-linked wallets on Ethereum, Bitcoin and Tron on Thursday, per an on-chain tally; Binance said it is investigating. Tether froze 975.1 million USDT and Circle froze 823 million USDC in the main receiving wallet, about $1.8 billion in total. Bitcoin fell below $79,000, BNB dropped about 7% and Monero rose about 6%. If confirmed as a hack, it would be the biggest crypto hack on record.