Binance investigating potential multibillion-dollar hack, CZ says user funds fully covered

Binance is investigating a potential multibillion-dollar hack, with suspicious outflows reaching up to $5.8 billion. The exchange has not confirmed any impact to user funds and warns users to remain cautious of scams. Founder Changpeng Zhao says it appears Binance has been hacked and expects all user funds to be fully covered. Co-founder He Yi says confirmed frozen funds total ~$25.9B across Tether, Circle, Ripple and World Liberty.

Detected & updated continuously · Source: Nebula