The Binance hack address converted large amounts of PEPE and WBTC into ETH and aggregated them.
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Binance Hacker 12 addresses exchanged 7.7 trillion PEPE for 14,049.9 ETH, and Binance Hacker 2 related addresses exchanged 167.14 WBTC for 5,700 ETH. The ETH has been deposited into a new address: 0x79e7…544A. (PeckShieldAlert)
Bitwise's CEO stated on the X platform that the security of client assets in Bitwise's managed vaults, private funds, and ETFs is paramount, and the team will continue to monitor the situation on Binance. He noted that while the spot and lending markets have experienced short-term volatility, Binance has received industry support; cybersecurity is a crucial issue for all companies this year and in the future.
After a three-month hiatus, a major whale shorted 620.71 Bitcoins with 40x leverage and 22,050 ETH with 25x leverage, for a total short value of approximately $96.33 million. Currently, it has a floating profit of $2.75 million, a profit of $2.69 million over the past 30 days, and a cumulative profit of $1.16 million.
OKX CEO Star Xu stated that the Binance hack should serve as a warning to the industry, and called on CEOs of all exchanges to jointly develop stricter shared security standards, emphasizing that security is a shared responsibility and no company can protect the future of cryptocurrencies alone.
Binance.US CEO Steve Gregory stated that Binance.US user funds are completely independent and unaffected by the Binance hack, and that Binance.US and Binance are completely independent entities with no asset custody or sharing arrangements between them.
