Binance hit by what may be crypto's biggest hack ever, and prices slide

Hackers appear to have taken more than $5 billion from Binance, the largest crypto exchange, on Thursday October 29. Security firm Blockaid called it the biggest crypto hack in history. Bitcoin fell 4.8%. Binance paused withdrawals and says it will cover all losses, while Tether and Circle Internet Group (CRCL) froze stablecoins tied to the hacker's wallet.

Sources

Binance Investigates Suspected Hack as Suspicious Outflows Reach Up to $5.8B; Tether, Circle Freeze $1.8B, BNB Falls 5.5%
The whole story · updated
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The Block
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Binance investigating hack as suspicious outflows reach up to $5.8 billion
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CoinDesk
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Potential multi-billion Binance hack hitting crypto markets

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