Coinage ♻️

Early tally on the Binance hack is that it could be $5.8B — about 4X the size of the Bybit hack Tether and Circle have frozen nearly $2.5B Putting it in perspective, it’s wild the funds at issue are still under 1% of Binance's total customer assets h/t @cryptounfolded @arkham

User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.

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