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Binance investigating hack as suspicious outflows reach up to $5.8 billion

Tether and Circle froze $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets. Binance says it is investigating.

Why it matters

Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.

Automated desk note. Not Dextape reporting.

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Headline and excerpt from The Block’s public feed. The Block holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

Original reporting

Jason Shubnell and Yogita Khatri, The Block

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