#Changpeng Zhao

Market Analysis

Binance hack: can the exchange cover a $5.6 billion outflow?

Oct 29, 20266 min read

On-chain trackers put about $5.64 billion leaving Binance in a suspected hack. After the stablecoin freezes and the SAFU fund, the exchange would still have to find $2.14 billion of its own.

Security

Suspected Binance hack: $2.53 billion leaves hot wallets

Oct 29, 20268 min read

Binance paused withdrawals on several networks after on-chain trackers counted about $2.53 billion leaving its hot wallets; later reports go as high as $5.8 billion. Tether and Circle froze roughly $1.8 billion.