Binance hack rattles crypto markets as BNB falls 7%, Bitcoin slides
Summary
Crypto markets fell after reports of suspicious transfers involving Binance-linked wallets raised fears of a multibillion-dollar hack. Blockaid estimated about $3.3 billion in suspicious transfers, while Arkham tracked roughly $5.84 billion in assets linked to wallets labeled as the hacker; neither figure confirms the amount stolen. BNB dropped 7.2%, Bitcoin 3.1% and Ether 4%, while total market capitalization fell 3.3%. Binance said it was investigating and that user funds were safe. Tether and Circle reported freezing more than $2.3 billion in related stablecoins.
