Binance investigates potential multibillion-dollar hack
Summary
Binance is investigating suspicious transfers from an Ethereum wallet after blockchain researcher Spreek flagged movements to a newly created address, allegedly funded through Tornado Cash. Binance has not confirmed any impact on user funds. Co-founder Changpeng Zhao said the activity appeared to be a hack and reported that Tether and Circle had frozen about $971 million and $823 million in assets, respectively. Zhao said he expected users’ funds to remain fully covered.
