Key Highlights: Blockchain intelligence firm Arkham estimated substantial unauthorized outflows impacting Binance across nine networks, with Ethereum accounting for $3.739 billion of the total drain. Stablecoin issuers responded swiftly, freezing over $1.768 billion in USDT and $824.56 million in USDC, though Arkham estimates around $2.9 billion in cryptocurrencies like BTC, ETH, and SOL remains movable. ...
Key Highlights A confirmed security incident targeting Binance has triggered swift intervention from major stablecoin issuers. Both Tether and Circle have moved to freeze illicit assets associated with the exploit across their respective networks. The exact monetary value of the frozen tokens and the overall scale of the breach remain unverified pending official, matching disclosures ...
Key Highlights: Centralized stablecoin issuers, including Tether, Circle, and Ripple, intervened to freeze hundreds of millions of dollars in suspected exploit funds linked to a major exploit involving Binance. The perpetrator routed massive quantities of capital through decentralized platforms, utilizing Uniswap and Aave to rapidly convert assets into Ethereum (ETH). DeFi platforms implemented emergency protocols, ...
Key Highlights: THORChain’s TRON-based USDT vaults holding approximately $1.45 million were temporarily frozen before operations resumed roughly two hours later. Trading, signing, and liquidity actions on TRON halted during the freeze, causing an estimated $363,000 in payouts to become queued. The temporary restriction highlights the ongoing tension between decentralized protocol operations and centralized stablecoin issuer ...
Key Highlights Circle and Tether froze approximately $320,000 in USDC and USDT stablecoins linked to the Bitget exchange hack, leveraging built-in blacklist controls. The attacker moved roughly 54 million XRP from the original five holding wallets overnight, reducing the balance from 70 million to 49 million tokens in eight hours. XRP traded near $1.54 on ...