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Massive $5.9 Billion Binance Hack Hits XRP, BTC, ETH and Other Tokens

Cryptocurrency exchange Binance is investigating a potentially record-breaking security breach after blockchain analysts detected nearly $6 billion in suspicious outflows across multiple networks.

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 U.Today’s public feed. U.Today holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

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Terms in this story

Blockchain
A shared, ordered record of transactions, grouped into blocks, that independent computers check against the same protocol rules.

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Original reporting

Alex Dovbnya, U.Today

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