Binance USDT Balances Drop 7.95% Following $6.3B Hack

Binance reported a 7.95% drop in user USDT balances in its October 31 proof-of-reserves snapshot, following a $6.3 billion security breach. The exchange also recorded lower Ethereum and BNB balances, while Bitcoin holdings rose before withdrawals reopened on November 1. According to the latest figures, there has been a reduction of USDT of 2,544,682,319, making the total number of USDT held to 29,483,062,742. This data is between October 1 and October 31. According to Binance’s most recent snapshot, the company had 692,187 BTC, which is an increase by 3,614 BTC, or 0.52%, compared to October 1. The amount of Ethereum decreased to 3,654,919 ETH, which is a reduction of 144,217 ETH or 3.80%. There was a reduction of 401,669 BNB, or 0.93%, to 42,638,276 BNB.

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