Binance Founder Suggests Likely Hack as Billions in Crypto Leaves Exchange Wallets

Billions of dollars’ worth of cryptocurrency was pulled from the wallets of leading exchange Binance on Thursday, according to onchain data and industry analysts, fueling speculation that it may have been the target of a massive hack. Binance acknowledged a “potential security issue” soon thereafter. Binance founder and former CEO Changpeng “CZ” Zhao wrote on X that it “does look like a hack on Binance,” but that “user funds are safe.” “Our teams are aware of reports of a potential security issue and are actively investigating,” Binance wrote . “Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information.” Analysts pegged the total amount of cryptocurrency drained from Binance wallets between approximately $2.5 billion…

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