Binance suffers $5.8 billion loss in hacking attack.
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Binance suffered a $5.8 billion loss in a hack, including the theft of 17,985 Bitcoins worth $1.42 billion and the freezing of $2.41 billion in USDT and USDC. Binance has promised to compensate users. (Bitcoin Archive)
Binance suffered a theft of approximately $3.43 billion in assets early this morning, excluding the $2.43 billion in stablecoins frozen by stablecoin issuers. The largest stolen asset was 18,270 BTC, worth $1.44 billion, which the hackers have not yet touched. The remaining altcoins are being sold for ETH, and the hackers now hold 467,000 ETH, worth $1.06 billion.
Protocol engineer Justin Kalland analyzed that the suspected Binance attacker, after transferring 175 million USDT, may have left off-chain logs containing information such as the IP address by mistakenly paying 127.67 USDT in gas through MetaMask Gas Station. Kalland called on MetaMask to retain relevant Web2 logs; the address involved is 0xAa24…54a0.
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GSR CEO Xin Song stated that GSR is working with Binance contacts to understand the issue and identify areas where assistance can be provided. GSR's exposure to Binance is less than 5% of its net assets and is not expected to cause significant disruption to its daily operations.
