Binance Hot Wallet Hack: CZ Confirms, Says User Funds Safe After $2.5 Billion Outflow
Photo: Blockchain Reporter
Binance co-founder Changpeng Zhao said Thursday that the exchange “was indeed hacked,” confirming what on-chain data had suggested after more than $2.5 billion left the exchange’s hot wallets for a Tornado Cash-funded address. Zhao said user funds are safe and thanked stablecoin issuers for freezing roughly $1.8 billion of the outflow, while Binance itself said it is investigating and has not yet confirmed any loss to customer assets. The first transfer landed at 20:24 UTC on October 29, moving 167,464 ETH — worth roughly $388 million by Etherscan’s valuation — out of the wallet labeled Binance 14, along with 63…
Also reported by Coindoo.
Source: Blockchain Reporter
