Binance Rewrote Its Hack Statement Twice in 13 Minutes
By Tobi Opeyemi Amure
AI summary of the source article
Binance revised its official statement regarding a suspected multi-billion-dollar wallet drain twice within 13 minutes, ultimately stating user funds are completely safe. Concurrently, stablecoin issuers Circle and Tether froze roughly $1.8 billion in assets linked to the incident.
Why it matters
The text states: "The change matters because it is the only official Binance position on record."
Key facts
- Binance altered its X statement twice in 13 minutes, shifting from having not confirmed impact on user funds to declaring user funds are completely safe.
- Circle froze more than 800 million USDC in coordination with law enforcement, while Tether froze approximately $971 million.
- On-chain estimates put the total outflows from the incident at at least $5.57 billion across Ethereum, Bitcoin, and Tron.
Source excerpt · FinanceFeeds
Binance has issued its first official statement on the suspected Binance hack that drained about $3.3 billion from its hot wallets , and the most telling part is not what the post says now but how it got there. FinanceFeeds reviewed the post's edit history on X: in 13 minutes, Binance's wording on customer money moved from "not confirmed" to "completely safe," while the exchange still has not used…