Reports of a massive $3.5 billion Binance hack sent Bitcoin and Ethereum crashing. Binance, one of the world's largest crypto exchanges, has detected a suspicious withdrawal of approximately $3.5 billion worth of cryptocurrencies across six blockchains. Binance co-founder Changfeng Zhao stated that the situation is similar to a hack. He added that Kishir and Magalh immediately froze about 1.8 billion dollars - 971 million dollars and 823 million dollars, respectively. Binance announced the investigation of the incident and stressed that no damage to user funds has yet been confirmed.

Reports of a massive $3.5 billion Binance hack sent Bitcoin and Ethereum crashing. Binance, one of the world's largest crypto exchanges, has detected a suspicious withdrawal of approximately $3.5 billion worth of cryptocurrencies across six blockchains. Binance co-founder Changfeng Zhao stated that the situation is similar to a hack. He added that Kishir and Magalh immediately froze about 1.8 billion dollars - 971 million dollars and 823 million dollars, respectively. Binance announced the investigation of the incident and stressed that no damage to user funds has yet been confirmed.