Binance confirms ~$6.3B hack, will cover all losses; ~$2.4B frozen by stablecoin issuers

Binance has confirmed a major hack with total impact estimated at ~$6.3B. Stablecoin issuers Tether and Circle froze ~$2.4B tied to the hack, with ~$3B frozen on-chain overall. Binance says it will cover all customer losses via the SAFU fund and corporate funds, and has suspended deposits and withdrawals.

Detected & updated continuously · Source: Nebula