Massive $5.9 Billion Binance Hack Hits XRP, BTC, ETH and Other Tokens
U.TodayAlex Dovbnya
Binance, the world's largest crypto exchange, has been hit with a massive security breach. Blockchain analysts believe the hackers have stolen nearly $6 billion in crypto from wallets linked to the exchange. According to blockchain analytics firm Glassnode, the suspected hack initially involved crypto worth $5.3 billion. The hackers made some of the biggest transfers out of the crypto exchange, including an estimated $1.66 billion in Tether (USDT), 17,985 Bitcoin (BTC) worth about $1.45 billion, and $767 million in USD Coin (USDC). Other crypto tokens involved in the suspected hack included Ethereum (ETH), XRP, Solana (SOL), and Tron (TRX). According to Glassnode, the suspicious outflows occurred sequentially across various blockchains. XRP transfers came first, followed by SOL, BTC, and others. The total losses aren't known yet.
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