The world's largest crypto exchange lost billions in minutes: Binance confirmed the hack on the evening of October 29, starting with hot coins in 17 minutes with $3.5 billion worth of assets remaining. The exchange's founder Changfeng Zhao confirmed that it looks like a hacker, but assured that users' funds are safe and fully compensated. The first suspicious transactions were placed by analysts on the chain around 20:24 UTC. From the wallet, marked as Binance 14, about 167.5 thousand ETH and tokens worth more than 1.6 billion dollars. Second, Binance 16 received another 28 thousand ETH, and then from another wallet. About 780 million dollars. The funds were sent to an address created hours before the event and pre-loaded using the mixture of Tornado Casher, a service used to fill traces of transactions. Stablecoin players responded quickly. Teeter has blocked more than 1.567 billion dollars, Igil - about 823 million dollars. Thus, out of approximately 3.3 billion stolen, almost 2.4 billion dollars were frozen. The robber has about a billion left - mostly in place, which, unlike Vircoins, cannot be blocked by the efforts of the executor. Binance Coin (BNB) is down 7-8%, Bitcoin is down below $79k. Within an hour, futures positions worth more than $600 million were forcibly closed. Those who traded in debt and gambled on growth suffered the most. The only asset that showed growth was Monero (+6-7%), an anonymous decentralized currency often used to launder stolen goods. If confirmed, it would be the biggest hack in the history of cryptocurrencies, surpassing the previous record of 1.5 billion dollars by Baybit. At the same time, Binance says that customer funds were not affected, and the founder of the exchange as a shareholder expects full coverage of the losses. The hacking of the exchange has already been blamed for the absence of known hackers from North Korea.

The world's largest crypto exchange lost billions in minutes: Binance confirmed the hack on the evening of October 29, starting with hot coins in 17 minutes with $3.5 billion worth of assets remaining. The exchange's founder Changfeng Zhao confirmed that it looks like a hacker, but assured that users' funds are safe and fully compensated. The first suspicious transactions were placed by analysts on the chain around 20:24 UTC. From the wallet, marked as Binance 14, about 167.5 thousand ETH and tokens worth more than 1.6 billion dollars. Second, Binance 16 received another 28 thousand ETH, and then from another wallet. About 780 million dollars. The funds were sent to an address created hours before the event and pre-loaded using the mixture of Tornado Casher, a service used to fill traces of transactions. Stablecoin players responded quickly. Teeter has blocked more than 1.567 billion dollars, Igil - about 823 million dollars. Thus, out of approximately 3.3 billion stolen, almost 2.4 billion dollars were frozen. The robber has about a billion left - mostly in place, which, unlike Vircoins, cannot be blocked by the efforts of the executor. Binance Coin (BNB) is down 7-8%, Bitcoin is down below $79k. Within an hour, futures positions worth more than $600 million were forcibly closed. Those who traded in debt and gambled on growth suffered the most. The only asset that showed growth was Monero (+6-7%), an anonymous decentralized currency often used to launder stolen goods. If confirmed, it would be the biggest hack in the history of cryptocurrencies, surpassing the previous record of 1.5 billion dollars by Baybit. At the same time, Binance says that customer funds were not affected, and the founder of the exchange as a shareholder expects full coverage of the losses. The hacking of the exchange has already been blamed for the absence of known hackers from North Korea.