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Attacker gets away with up to $3 billion from Binance (www.citationneeded.news)

submitted 2 days ago by otter@lemmy.ca to c/technology@lemmy.world

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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] JPAKx4@lemmy.blahaj.zone 6 points 2 days ago

The stable coins are the only ones not stolen, since they have a centralized authority and could freeze the assets.

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