Binance confirms ~$5.8B hack, will cover all losses; $2.54B frozen

Binance has confirmed a major hack, with on-chain estimates suggesting ~$5.8B flowed out of its hot wallets. Binance says it will cover all losses and has suspended deposits and withdrawals while it freezes funds and works with law enforcement; verified frozen stands at $2.54B. Stablecoin issuers froze ~$2.6B tied to the incident. ZachXBT says it's likely Lazarus Group. CZ says user funds are safe.

Detected & updated continuously · Source: Nebula