BINANCE HACKED $5 billion or more

But let us break down exactly what happened with the recent Binance security breach and separate the facts from the noise. Clearing Up the Confusing Numbers First, we need to address the wild numbers floating around the internet. Blockchain tracker Arkham Intelligence spotted about $5.84 billion moving through wallets connected to the hack. However, that is just the total amount sitting in those specific wallets, not necessarily the final confirmed loss. Binance has officially verified that $2.54 billion has been successfully frozen so far. They expect this number to go up as investigators keep digging. Also, it is very important to note that Binance.US was completely untouched by this incident. How Did They Freeze That Much Money? You might wonder how you just pause billions of dollars. Stablecoin issuers stepped in to help. Tether and Circle, the biggest players in the game, froze a massive chunk of the funds. Circle locked down over $800 million in USDC, while Tether froze roughly $1.56 billion in USDT. Ripple also jumped in, freezing holdings