Security· ★★★★★· bearish·

Binance hackers bought TRX during attack, sending price surging

  • —Hackers used the Tron network and bought TRX to bypass a possible block
  • —Losses from the Binance breach are estimated at over $2 billion
  • —Circle and Tether froze about $1.8 billion in assets
  • —The hack was confirmed by Changpeng Zhao and Binance's official channels
Why it matters: The incident tests the resilience of the largest exchange and stablecoin freeze mechanisms as the market awaits the true scale of losses.
Source: Bitcoin Sistemi