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Tether freezes $971m in USDT in suspected Binance hack

NewsFeeds update

The story so far: Binance hot wallet hack

On-chain data showed abnormal outflows from a Binance hot wallet worth more than $2.5bn. Aave froze all DAO-run V3 and V4 markets as a precaution. Tether froze $971m in USDT linked to the suspected hack, and Paxos froze 1,906.67 PAXG worth about $7.66m in a wallet believed to belong to the hacker.

  1. Binance hot wallet suspected of losing more than $2.5bn in assets

    On-chain data indicates abnormal outflows from a Binance hot wallet to newly created addresses initially funded from Tornado Cash, with the assets involved worth more than $2.5bn.

    AltcoinsOdailyAIBearish

  2. Tether freezes $971m in USDT in suspected Binance hack

    Tether has frozen $971m in USDT linked to a suspected hack of Binance, according to on-chain reports.

    StablecoinsOdailyAIBearish

  3. Circle freezes $823m in USDC amid suspected Binance hack

    Circle has frozen $823m in USDC in connection with a suspected hack at Binance, on-chain reports say.

    StablecoinsOdailyAIBearish

  4. CZ says Binance user funds are safe as about $1.79bn in stablecoins is frozen

    CZ said user funds are safe and that the incident looks like a hack targeting Binance, thanking Tether and Circle for quickly freezing about $971m and $823m respectively. He no longer manages Binance.com but, as a shareholder, expects all user funds to be fully covered.

    StablecoinsOdailyAIBearish

  5. Tether has frozen more than 1.567bn USDT

    Tether has frozen more than 1.567bn USDT, Bloomberg reported.

    StablecoinsOdailyAIBearish

  6. Arkham links suspected Binance hacker to 50 wallets holding $5.61bn

    Arkham says a hacker suspected of stealing billions of dollars in an overnight attack on Binance holds about $5.61bn across 50 wallets, led by about $1.57bn in USDT, $1.45bn in BTC and $879m in ETH. Tether has said it froze more than 1.567bn USDT tied to the hack.

    StablecoinsCoinNessAIBearish

  7. Binance says technical error is blocking some withdrawals

    Binance said some users hit crypto withdrawal problems because of a technical error and its team is working to restore the service, adding that user funds are safe. On-chain data suggested outflows of up to $5.6bn after its hot wallet was suspected of being attacked.

    AltcoinsPANewsAIBearish

  8. Aave freezes lending market linked to stolen crypto tied to Binance

    Aave said it urgently froze the relevant lending market to block attempts to borrow again using cryptocurrency leaked from Binance as collateral.

    AltcoinsCoinNessAIBearish

  9. Address linked to suspected Binance hack borrows 19,762 ETH from Aave

    Phylax Systems' Odysseus says an address tied to a suspected Binance hot wallet hack deposited about $60m in USDT into Aave and borrowed 19,762 ETH, worth about $44.7m. Etherscan has flagged the address as "Binance Hot Wallet Exploiter 3".

    EthereumPANewsAIBearish

  10. Address linked to suspected Binance breach sells about 4.7m UNI for ETH

    An address tagged "Binance Hot Wallet Exploiter 15" is swapping UNI for ETH via Uniswap. It received about 7.02m UNI, has sold about 4.7m and holds about 2.32m UNI worth roughly $14.9m plus about 12,283.8 ETH worth about $27.9m.

    AltcoinsOdailyAIBearish

  11. Elon Musk says 'Everyday is Zeroday' on Binance hack

    Elon Musk commented on the Binance hack, saying: "Everyday is Zeroday."

    AltcoinsOdailyAIBearish

  12. Aave freezes DAO-run V3 and V4 markets after Binance wallet reports

    Aave says its contracts are unaffected and positions remain overcollateralised, but all DAO-run V3 and V4 markets are frozen as a precaution, halting new deposits and borrowing while withdrawals and repayments continue.

    AltcoinsOdailyAIBearish

  13. Lookonchain says Binance hacker is selling PEPE, UNI and LINK for ETH

    Lookonchain said the suspected Binance hacker is selling PEPE, UNI, LINK and other tokens on-chain for ETH, and still holds large altcoin positions including 217.5m ENA worth $39.5m and 7.58tn PEPE worth $34.4m.

    AltcoinsOdailyAIBearish

  14. Aave says it will keep monitoring and unfreeze DAO markets soon

    Aave said it is continuing to monitor the situation and will unfreeze all previously frozen DAO-operated markets on V3 and V4 as soon as possible.

    AltcoinsOdailyAIBullish

  15. Paxos freezes $7.66m in PAXG linked to suspected Binance hack

    Paxos says it froze 1,906.67 PAXG, worth about $7.66m, in a wallet beginning 0x522 believed to belong to a hacker after PAXG was taken in the Binance hack. Paxos says PAXG, PYUSD and USDG reserves are intact, its systems were unaffected and redemptions continue normally.

    StablecoinsCoinNessAIBearish

More Stablecoins updates

  1. Paxos freezes $7.66m in PAXG linked to suspected Binance hack

    StablecoinsCoinNessAIBearish

  2. Whale Alert says 303,043,652 USDT moved from Binance to unknown wallet

    StablecoinsCoinNessAINeutral

  3. Zhao Changpeng says Binance loss may be slightly above $1bn and it will cover it

    StablecoinsChainCatcherAIBearish

Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.