Suspected $2.8B Binance hack would be largest in crypto history
- —Estimated damage of $2.8B versus $1.5B in the 2025 Bybit hack
- —About $2.4B in stablecoins frozen by Tether and Circle
- —Roughly 195,460 ETH still sits on an attacker address
- —Binance holds about $144B in customer assets, so the loss is under 2%
Why it matters: The market's reaction hinges on whether Binance stays solvent: covered losses at Bybit and Bitget were followed by quick price recoveries.
Source: CryptoTicker