Reports of a massive $3.5 billion Binance hack have crashed Bitcoin and Ethereum One of the world's largest crypto exchanges, Binance, has seen a suspicious withdrawal of around $3.5 billion worth of cryptocurrency via six blockchains. Binance co-founder Changpeng Zhao said the situation is similar to a hack. According to him, Kishir and Magalh quickly froze about 1.8 billion dollars - 971 million and 823 million dollars, respectively. Binance reported on 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 have crashed Bitcoin and Ethereum One of the world's largest crypto exchanges, Binance, has seen a suspicious withdrawal of around $3.5 billion worth of cryptocurrency via six blockchains. Binance co-founder Changpeng Zhao said the situation is similar to a hack. According to him, Kishir and Magalh quickly froze about 1.8 billion dollars - 971 million and 823 million dollars, respectively. Binance reported on the investigation of the incident and stressed that no damage to user funds has yet been confirmed.