Binance: Hot Wallets Lose $6.28B in On-Chain Attack
Eleanor Terrett reports Binance hot wallets lost $6.28B across eight chains today with $6.07B moved in the first 55 minutes and $2.80B frozen by issuers including Tether and Circle.
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Binance hot wallets lost $6.28B across eight chains in a rapid on-chain exploit, with $6.07B drained in the opening 55 minutes and the attacker continuing to re-sweep an Ethereum address for two additional hours, according to on-chain analyst Dickson Wu and reporter Eleanor Terrett.
Tether, Circle, Ripple, Paxos, World Liberty and Binance froze roughly $2.80B in response, leaving about $3.27B still mobile, mostly in BTC and ETH. On the 4h ETH chart price sits at $2210.88 beneath the EMA50 at $2353.03 and EMA200 at $2462.77, confirming the bearish structure while the MACD death cross at -19.71 and RSI at 31.08 show momentum has stalled; with price already testing the lower Bollinger band near $2249.95, further downside pressure toward that support remains the path of least resistance until a reclaim of the EMA50 occurs.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.