Binance reports $6.3 billion security incident, crypto prices fall
Briefing by News4U · First published
Sina Finance reports that Binance suffered a suspected security breach affecting about $6.3 billion in crypto assets, exceeding the previous Bybit incident. Bitcoin fell more than 3% to around $77,400, while Ethereum, BNB, XRP and SOL posted larger losses. Total liquidations reached $1.5 billion, with Bitcoin and Ethereum accounting for $468 million and $358 million respectively. Tether froze over $1.567 billion in USDT, Circle froze more than $800 million in USDC, and First Digital froze stolen FDUSD. Former Binance CEO CZ described the event as appearing to be a hack. Polymarket also suspended international trading after losing over $2.6 million. [1]
Sources
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Sina Finance · · Full text