Suspected Binance Hack Involves Over $5.8 Billion; About 40% Already Frozen

TechFlow reported on Oct. 30 that, according to the latest statistics published by Lookonchain at 06:21 Beijing time, the assets involved in the suspected Binance hack have exceeded $5.8 billion.

Of these, approximately 1.58 billion USDT and 823 million USDC have been frozen, totaling about $2.41 billion, meaning that about 40% of the affected assets have been frozen by stablecoin issuers.

TechFlow previously reported that Decrypt estimated the incident involved at least $5.57 billion in assets across three public blockchains; Binance had earlier said it was investigating potential security issues and had not confirmed that user funds were affected. The above amounts are based on on-chain monitoring agencies' statistics, and the final figures are subject to Binance's official disclosure. TechFlow will continue to monitor the situation.

Source: TechFlow