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THE INFORMATION · 2026-10-29 22:20 UTC

Binance Investigates Potential Hack After $2 Billion-Plus in Tokens Left Exchange Wallets

Binance is investigating a potential security breach involving $2 billion+ in tokens leaving exchange wallets. Tether froze $1.57 billion USDT and Circle froze $800 million USDC related to the incident; Binance co-founder Zhao said user funds will be fully covered. Bitcoin, Ether, and Solana prices fell following reports of the potential hack.

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