Binance Investigates Potential Multi-Billion-Dollar Crypto Breach
Binance says it is probing a possible security breach after on-chain data showed large asset flows to new wallets, with reports citing figures between $5.8 billion and over $6 billion.
AfroEuropa Newsroom
AfroEuropa desk
Binance, the largest cryptocurrency exchange by trading volume, said it is investigating a possible security breach after on-chain data showed substantial amounts of digital assets moving from wallets linked to the platform to newly created external addresses.
Estimates of the scale differ across outlets. BitKE reported figures of more than $6 billion, citing blockchain intelligence firm Arkham, which attributed the holdings to the attackers as roughly $1.5 billion in bitcoin, $900 million in ETH, about $1.5 billion in USDT, and over $800 million in USDC. BleepingComputer reported that the exchange is probing a potential breach involving up to $5.8 billion in digital assets. Both outlets noted the incident could become the largest cryptocurrency hack on record.
Keep reading
Utah Files 14 Criminal Charges Against Prediction Market Operator Kalshi
Utah has brought criminal charges and a civil suit against Kalshi over its sports and event contracts, as federal and state authorities clash over jurisdiction.
Other highlights
MuRay Raises €7.1M to Scan Rocket Engines With Muon Beams
The Hamburg deeptech firm is developing muon-based imaging to inspect dense, safety-critical parts that conventional X-rays cannot fully penetrate.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
