Binance confirms ~$5.8B hack, $2.54B frozen as Tether, Circle, Tron and Ripple freeze ~$2.6B stablecoins

Binance has confirmed a major hack, with on-chain estimates suggesting ~$5.8B flowed out of its hot wallets. Stablecoin issuers froze ~$2.6B tied to the incident — Tether ~$971M USDT, Circle ~$823M USDC, Tron ~$313M USDT and Ripple ~$200M RLUSD. Binance says the verified total frozen stands at $2.54B and may freeze more as it works with law enforcement; CZ says user funds are safe. Binance Alpha trading is temporarily suspended.

Detected & updated continuously · Source: Nebula