Binance $3.55B Wallet Transfers Spark Hack Fears, but No…
By Abdelaziz Fathi
AI summary of the source article
On-chain trackers recorded roughly $3.55 billion in transfer volume across multiple blockchains from Binance-associated wallets. Binance has not confirmed a security breach or reported customer losses, leaving the transfers unconfirmed as a hack or loss.
Key facts
- On-chain trackers recorded approximately $3.55 billion in transfer volume across 70 tokens, 87 transfers, and six chains on October 29.
- On Ethereum, about 195,460 ETH worth roughly $450 million was transferred from Binance-labelled wallets through a newly active address.
- Binance had not confirmed any security breach, customer loss, or linked the transfers to its scheduled October 28 wallet maintenance.
Source excerpt · FinanceFeeds
Large cryptocurrency movements from wallets associated with Binance have triggered speculation about a possible security incident after on-chain trackers recorded approximately $3.55 billion in transfer volume across multiple blockchains. The activity involved 70 tokens, 87 transfers and six chains in one tracker snapshot reviewed on October 29. On Ethereum, large balances moved from Binance-label…