The Block:

Binance says it is investigating a “potential security issue” as suspicious outflows reach up to $5.8B; Tether freezes 1.5B+ USDT, Circle freezes 800M+ USDC  —  Onchain data shows about $3.55 billion in incoming transfers to the unlabeled wallet, with nearly $900 million subsequently moved across other wallets.

The Block:

Binance says it is investigating a “potential security issue” as suspicious outflows reach up to $5.8B; Tether freezes 1.5B+ USDT, Circle freezes 800M+ USDC  —  Onchain data shows about $3.55 billion in incoming transfers to the unlabeled wallet, with nearly $900 million subsequently moved across other wallets.

Source: TechMeme
Source Link: https://www.techmeme.com/261029/p58#a261029p58