Binance estimates the impact at $6.3 billion and says about $3 billion has been frozen onchain, with withdrawals still suspended.
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Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.
The onchain investigator says the attack ran for several days and the true loss may be larger once over-the-counter trades are counted; the bank has not commented publicly. The post...
The bank was among 20 participants signed up at launch. The service permits 24/7 token transfers only between registered wallets on the same blockchain.
World Liberty’s token remained 5.1% below its early-evening level by 5 a.m. ET, while bitcoin had recovered its losses.
Annual reports will link customer identities to fiat trades, token swaps and transfers, including withdrawals to external wallets.
The Binance attackers moved most of the stolen SOL and continued laundering funds through THORChain after the protocol resumed swaps.
