BNB falls 7% after reports of suspected Binance wallet hack, $3.3B in transfers flagged

Cryptocurrency markets declined sharply on Thursday following reports of significant suspicious activity involving Binance-affiliated wallets. The incident prompted a wave of selling as concerns over a possible security breach unsettled investors across the sector. Blockchain security group Blockaid reported that it had flagged transactions totaling around $3.3 billion in suspicious transfers related to Binance-linked addresses. Meanwhile, analytics platform Arkham Intelligence estimated that wallets tagged “binance-hacker-1029” controlled approximately $5.84 billion in assets.

Source: CoinTurk News