According to Specter monitoring, Arbitrum froze $30.5 million worth of ARB, and Paxos froze $215,700 worth of USDP, bringing the total frozen amount to $2.829 billion.

Binance - ETH/USDT is currently trading at $2200.30, down 0.57% in the last 5 minutes. Please be aware of market volatility.

The cryptocurrency fear and greed index dropped to 30 today, compared to 51 yesterday, indicating a shift in market sentiment from neutral to fear.

[Shenyu Recounts Binance Hack; Tether and Other Institutions Freeze Assets] Cobo co-founder Shenyu recounted the Binance hack, pointing out that the attackers conducted two rehearsals beforehand and prepared a list of 64 token transfer methods. At 4:20 AM, the attackers used the private key of a Binance hot wallet to sign, and approximately three minutes later, transferred assets in bulk. Currently, Tether has frozen 1.38 billion USDT, Circle has frozen 823 million USDC, and Ripple has frozen 40.54 million RLUSD and other tokens. Shenyu stated that the core issue points to the signing process, and Binance has not yet released a specific explanation.

[Ido Ben-Natan: Binance Suspected Theft Due to Private Key Misuse, Similar to Bybit Incident] Blockaid CEO Ido Ben-Natan stated that the suspected theft of Binance's private keys is likely due to misuse rather than a leak, with attackers breaching the signature system for malicious transaction authorization. Ben-Natan believes this incident is very similar to the Bybit theft in February 2025, with on-chain preparation methods resembling those used by North Korean hackers. Binance has not yet confirmed the specific attack method. (Source: Cointelegraph)