The biggest crypto heist in history happened on Thursday, 29th October. Such was its impact that Santiment Intelligence reported that the Binance hack “hijacked” the crypto sphere’s attention entirely this...
Summary
- Such was its impact that Santiment Intelligence reported that the Binance hack “hijacked” the crypto sphere’s attention entirely this week.
- Within a day, the Binance news shocked markets into a $1.50+ billion liquidation cascade, mostly longs liquidated.
- Entities such as Circle and Tether worked quickly tofreeze the stolen assets, and on-chain collaborations managed to freeze roughly $3 billion of the affected assets.
- The other $3.3 billion remains unaccounted for though and is thought to be in the attackers’ control.
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