The response to Binance’s October 29 security incident became a race between blockchains that move assets continuously and organizations that can stop particular tokens from moving. Binance e
Summary
- DeFi The response to Binance’s October 29 security incident became a race between blockchains that move assets continuously and organizations that can stop particular tokens from moving.
- The response to Binance’s October 29 security incident became a race between blockchains that move assets continuously and organizations that can stop particular tokens from moving.
- Binance estimated that about $6.3 billion was affected and said roughly $3 billion had been frozen by its October 30 update.
- Blockchain forensics firm TRM Labs put the amount blocked in its earlier chain-level snapshot at approximately $2.7 billion, including stablecoins and assets intercepted through an emergency action on Arbitrum.
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