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. 1 Nov, 02:42 UTCFirst appeared on NDTV
2. 1 Nov, 06:50 UTCPicked up on Google Trends

Top sources

• pi network binanceGoogle Trends
• North Korea responsible for $6 billion Binance cryptocurrency hack, FBI saysFox Business
• FBI Accuses North Korean Group 'TraderTraitor' Of $6 Billion Binance HackNDTV
• Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber HeistWSJ