Binance investigating hack as suspicious outflows reach up to $5.8 billion

Binance is investigating a hack as suspicious outflows reached up to $5.8 billion. Tether and Circle froze $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets.

Response

Binance confirmed it is investigating the security breach. The exchange has not yet provided details about the extent of the damage or potential recovery measures.