POPA ReconBinance Hit by a ~$2.5B Hot Wallet Hack
Binance Hit by a ~$2.5B Hot Wallet Hack On October 29 at 20:24 UTC, Binance’s “Binance 14” hot wallet sent about 167,500 ETH (~$379M), 1.6B USDT and more than 60 other tokens to an unknown address in a single transaction. Seventeen minutes later, another hot wallet sent 780M USDC to the same address. Estimates of the total range from $2.5B to $2.8B, and the address that triggered the transfer was reportedly funded through Tornado Cash. Tether has frozen more than $1.567B USDT, almost all of the USDT taken, and Circle has frozen $823M USDC. Together that’s about $2.4B, or the vast majority…
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