00:00Binance is dealing with what could be the largest cryptocurrency hack in history,
00:05reporting an estimated $6.3 billion in impacted client assets.
00:10The exchange says approximately $3 billion has been frozen on-chain,
00:14including more than $800 million in USDC frozen by Circle,
00:19and over $1.5 billion in USDT frozen by Tether.
00:23Bitcoin fell below $80,000 as the breach rattled crypto markets.
00:28Binance says it will cover all losses using its Emergency User Protection Fund and company resources,
00:35while temporarily suspending withdrawals as it strengthens security.
00:38The exchange says customer funds are safe and is working with law enforcement and blockchain investigators to recover the assets.
Comments