Binance hack suspect converts $570 million to ETH, Ripple freezes $200 million in RLUSD

Suspected hackers connected to a major security breach at Binance have moved tens of thousands of ETH through decentralized platforms, including Uniswap and Aave, according to transaction records on Etherscan. Security experts identified at least ten wallets involved, with eight labeled as exploiters. Earlier today, wallets linked to Binance, one of the world’s largest cryptocurrency exchanges, were drained of more than $5.5 billion. The total loss appears to be growing, while Binance continues to investigate the incident. The exchange has not officially confirmed if user funds have been directly affected. However, numerous cybersecurity analysts believe a hack is likely responsible. Stablecoin issuers acted quickly in response to the breach.

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