Over $2 billion left Binance hot wallets to a Tornado Cash-funded address. Are customer funds safe? What the chain shows.
Update (October 30, 00:30 UTC): Binance founder Changpeng Zhao said on X that the transfer “does look like a hack on Binance” and that he expects user funds to be fully covered. Tether chief executive Paolo Ardoino said the firm froze more than 1.567 billion USDT linked to the incident, and Zhao put Circle’s USDC freeze near $823 million. Users have also reported withdrawals stuck at processing.
Source: Is Binance Being Hacked? $2 Billion Outflow Puts Customer Funds in Question