Binance-linked wallets see $5.57 billion outflow, Tether and Circle freeze $1.8 billion after suspected exploit

At least $5.57 billion in cryptocurrencies rapidly exited wallets linked to Binance on Thursday, with the exchange confirming it is investigating reports of a potential security incident affecting three major blockchains: Ethereum , Bitcoin , and Tron. On-chain data shows $3.51 billion left the Ethereum network, $1.44 billion in 18,270 Bitcoin, and another $630 million on Tron. The movement reportedly began with a large Ethereum transaction of 167,464 ETH and 63 notable token transfers—amounting to $1.615 billion USDT—sent to a new address at 20:24 UTC, as tracked by Etherscan.

Source: CoinTurk News