2026-10-30 02:35 UTC
Attacker gets away with up to $3 billion from Binance
Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:
hachyderm.io/@molly0xfff/117526961419935070
I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.
Replies (9)
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@sit@lemmy.dbzer0.com 2026-10-30 03:09
stable coin looks inside the rug-pullest mf of them all
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@TropicalDingdong@lemmy.world 2026-10-30 03:26
Good for them.
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@urushitan@kakera.kintsugi.moe 2026-10-30 04:55
Oh no! Anyway
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@ghostpony@infosec.pub 2026-10-30 06:38
Hah hah
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@Treczoks@lemmy.world 2026-10-30 06:46
Just the normal crypto issues. Buy crypto, lose money.
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@jagermo@feddit.org 2026-10-30 07:12
Ah, so crypto is mainly used to prop up regimes. Got it.
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@Agent641@lemmy.world 2026-10-30 08:56
Honestly, good for them.
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@SaveTheTuaHawk@lemmy.ca 2026-10-30 16:08
now updated to $6.8B. So much for blockchain security and free money.
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@iuseasahibtw@ani.social 2026-10-31 06:12
It’s amazing that people store their life savings in other people’s wallets, lol