Binance hack fears spark $628M crypto liquidations and freezes

Reports say Binance may have been hacked, with about $2 billion in outflows raising customer fund concerns. Circle and Tether reportedly froze funds tied to a potential 'security issue', and liquidations topped $628 million in an hour. A hack is unconfirmed; one post claims over $5B was drained.

Timeline

1. 29 Oct, 20:50 UTCFirst appeared on Google Trends
2. 29 Oct, 20:50 UTCPicked up on News
3. 29 Oct, 21:24 UTCPicked up on Hacker News
4. 29 Oct, 22:00 UTCCZ says Binance 'may have been hacked'
5. 29 Oct, 22:00 UTCCNBC reports Circle, Tether freeze funds
6. 29 Oct, 22:00 UTCBeInCrypto covers $628M liquidations

Top sources

• binance hackGoogle Trends
• binance hackGoogle Trends
• Over $5B drained from Binance in apparent hackHacker News
• Is Binance Being Hacked? $2 Billion Outflow Puts Customer Funds in QuestionYahoo Finance
• Binance Founder CZ Says Exchange ‘May Have Been Hacked’Bloomberg.com
• Multi-billion Binance hack hitting crypto marketsCoinDesk
• Whale Alert Reports $113.3 Million USDT Move to BitfinexCoinfomania
• Six Transfers Total $394.5 Million, Led by $108.9 Million Tether (USDT)www.tokenpost.com