Recently recieved an email from a Crypto Mag reader regarding the recent Binance hack!

First reported Oct 30, 2026, 02:50 UTC

Source reports

Recently recieved an email from a Crypto Mag reader regarding the recent Binance hack! If this is true then maybe the hackers really did pull off the perfect heist 🤯. The Binance hacker might have just pulled off one of the smartest moves I’ve seen in crypto. First, Tether froze… — @cryptomagz (X), Oct 30, 2026, 02:50 UTC
$USDT has an issuer who can freeze it, $ETH doesn't. Per llamarisk, a wallet in the binance exploiter's cluster took an aave loan, borrowing eth against usdt collateral while tether and circle were freezing funds. Borrowing against a freezable asset turns it into an unfreezable… — @Defi_Edward (X), Oct 30, 2026, 11:31 UTC

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