Binance confirms major hack, over $2.5B frozen, on-chain estimates suggest $5B+ involved

Binance has confirmed it was hacked in what may be the largest exploit in crypto history, with on-chain estimates suggesting more than $5 billion involved. Co-founder Yi He says the exchange will cover all losses and user funds are safe; deposits and withdrawals are suspended while it works with law enforcement. Stablecoin issuers froze over $2 billion linked to the incident.

Detected & updated continuously · Source: Nebula