Security· ★★★★★· bearish·

Binance hacker moves $5.5B into ETH as DeFi lenders brace for contagion

  • —Stolen funds tied to the Binance breach are estimated at $5.5 billion or more
  • —One wallet posted $60 million USDT on Aave and borrowed 19,762 ETH
  • —Tether and Circle froze over $2 billion; Ripple froze about $200 million
  • —Kamino halted lending on SOL/BTC markets as a precaution
Why it matters: If frozen stablecoins back DeFi loans, liquidations could stall and losses may cascade across lending protocols and the broader market.
#ETH#USDT#USDC#RLUSD
Source: Bloomingbit
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