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Stablecoin issuers like Tether and Circle froze more than $2.6 billion following suspicious transfers from Binance-linked wallets.
BNB dropped 8% as crypto markets took a dive after news of a multibillion-dollar hack on crypto exchange Binance emerged.
Bitcoin price fell below $79,000 as reports of a suspected Binance hack, with outflows of up to $5.8 billion, prompted Tether and Circle to freeze roughly $1.8 to $2.4 billion in stablecoins.
Etherscan records show wallets tied to the suspected Binance hack swapping freezable stablecoins for Ethereum on decentralized exchanges.
Microsoft Copilot AI predicts that a full Pi Network Binance listing could skyrocket PI to new heights by January 1, 2027
Binance is investigating reports of a potential security issue after large transfers of ETH and tokens moved from its hot wallets to an exploiter-labeled address.
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
