šØ Oct 30 Morning Briefingļ½Binance hot wallets may have been attacked, BNB down nearly 9% in 24hāletās look at the facts first
⢠Market (CoinGecko, Beijing time 08:15): BTC around $77,719 (24h -4.3%), ETH around $2,241 (-4.9%), BNB around $693.7 (-8.6%, 24h range $683ā$758)
⢠Incident: On-chain data shows large amounts of assets transferred from several Binance-labeled hot wallets to new addresses. Estimates range from $2 billion to over $5 billion; the figures have not been officially confirmed
⢠Official response: Binance said user funds are ācompletely safeā and temporarily suspended withdrawals on several networks due to a security incident. An investigation is underway
⢠Freezes: Tether said it froze over 1.56 billion USDT; Circle froze around $800 million in USDC
⢠Market: Several media outlets cited Coinglass data showing liquidations briefly exceeded $1 billion, mostly among long positions. The Fedās earlier decision to hold interest rates steady at 3.75%ā4.00% also weighed on risk appetite
Airdrop farming tips / risk warning: Moments like this are prime time for phishing links and fake support agents claiming to offer ācompensation airdrops,ā ārewards for resuming withdrawals,ā or āsecurity verification.ā Trust only official Binance announcements and accounts. Never interact with any page asking you to authorize, sign, enter your seed phrase, or provide a verification code.
Have any of your transactions been affected by the withdrawal suspension? Share in the comments and help each other steer clear of scams.
$BTC $BNB #BNB #åøå® #å®å Øéæå #CryptoMarket
Sources: CoinGecko, TechCrunch, The Block, Cointelegraph/CryptoTimes. The situation is still developing; refer to official Binance announcements.
Not investment advice. DYOR
⢠Market (CoinGecko, Beijing time 08:15): BTC around $77,719 (24h -4.3%), ETH around $2,241 (-4.9%), BNB around $693.7 (-8.6%, 24h range $683ā$758)
⢠Incident: On-chain data shows large amounts of assets transferred from several Binance-labeled hot wallets to new addresses. Estimates range from $2 billion to over $5 billion; the figures have not been officially confirmed
⢠Official response: Binance said user funds are ācompletely safeā and temporarily suspended withdrawals on several networks due to a security incident. An investigation is underway
⢠Freezes: Tether said it froze over 1.56 billion USDT; Circle froze around $800 million in USDC
⢠Market: Several media outlets cited Coinglass data showing liquidations briefly exceeded $1 billion, mostly among long positions. The Fedās earlier decision to hold interest rates steady at 3.75%ā4.00% also weighed on risk appetite
Airdrop farming tips / risk warning: Moments like this are prime time for phishing links and fake support agents claiming to offer ācompensation airdrops,ā ārewards for resuming withdrawals,ā or āsecurity verification.ā Trust only official Binance announcements and accounts. Never interact with any page asking you to authorize, sign, enter your seed phrase, or provide a verification code.
Have any of your transactions been affected by the withdrawal suspension? Share in the comments and help each other steer clear of scams.
$BTC $BNB #BNB #åøå® #å®å Øéæå #CryptoMarket
Sources: CoinGecko, TechCrunch, The Block, Cointelegraph/CryptoTimes. The situation is still developing; refer to official Binance announcements.
Not investment advice. DYOR