Why Binance’s $6.3B Hack Hasn’t Triggered FTX-Style Panic
Dragonfly’s Haseeb Qureshi, Anthony Pompliano and CZ point to a calmer response than FTX, even as Bitcoin remains under pressure after the Binance hack.
Dragonfly’s Haseeb Qureshi, Anthony Pompliano and CZ point to a calmer response than FTX, even as Bitcoin remains under pressure after the Binance hack.
Richard Teng targets a withdrawal restart within 40 hours of his address and a full reserve report by Monday as Binance rebuilds its infrastructure.
Binance says $5 billion is already held in the affected tokens as it buys remaining assets. The allocation excludes roughly $3 billion frozen.
CZ asks Elon Musk for support after Binance’s hack, citing a SpaceX stake worth over $1 billion. Yi He says no share sale is currently needed.
Binance reports additional breach points and about $3 billion frozen, pledging full loss coverage as it targets a withdrawal restart 45 hours after its update.
Trezor warns CryptoBilis buyers after one possible Safe 5 implant report. Lab confirmation is pending, and no related losses have been reported to the company.
Inside Binance’s $6.3 billion hack: the wallet-signing attack, frozen assets, withdrawal restart target and questions the final investigation must answer.
OneKey founder Yishi warns that compromised signing systems could threaten IBIT, highlighting custody concentration and limited insurance protection.
CoinDesk traced roughly 18,270 stolen BTC into 19 addresses, highlighting why Bitcoin recovery differs from issuer freezes of stolen stablecoins.
Binance estimates $6.3 billion in hack losses and $3 billion frozen, pledging full coverage as deposits operate normally and withdrawals remain paused.
TRM Labs attributes the $6.36 billion Binance theft to North Korea’s TraderTraitor with high confidence, as the exchange’s investigation continues.
Geoffrey Kendrick expects further crypto weakness after the Binance hack, while retaining a long-term bullish view on Uniswap.
Binance says withdrawals will resume after security checks and user funds remain safe, as Crypto Briefing reports $5.57 billion in wallet outflows.
An unverified breakdown alleges $5.613 billion stolen. Tether and Circle report over $2.3 billion frozen; Binance says user funds are safe.
The ECB holds its deposit rate at 2.50%, refinancing rate at 2.65% and marginal lending rate at 2.90%, warning of energy-driven inflation risks.