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Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

TLDR — An on-chain tally puts the suspected Binance drain at $5.

Signal data▼ Bearishconfidence 90%High materiality
AssetEventexchange-incidentEvent timeAttention0 readers/hrNormalSmart readers0

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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