Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.

By Jose Antonio Lanz

Image accompanying: Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

An on-chain tally places the suspected Binance drain at $5.57 billion across three blockchains, according to the supplied material. The incident is described as a suspected hack.

Tether and Circle froze $1.8 billion in connection with the suspected drain, the material states.

Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience

The Fundstrat strategist says constraints on AI spending have slowed growth without ending the boom, while crypto’s response to the Binance hack suggests sellers may already be exhausted.

Crypto

Chrome Can Now Pull Details From Your Gmail to Fill Out Web Forms

Chrome's new autofill uses Google's Gemini AI to search your Gmail for order numbers, tracking details, and flight bookings and fill them into web forms. It is rolling out in the U.S.

Business

Walmart Blocks Its Stock From OKX-ICE Tokenized Trading Venue

Walmart, Eli Lilly, Cigna, Carnival and Arcos Dorados objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 38.

Business

GCC central banks hold rates after Fed keeps benchmark unchanged

Central banks in the UAE, Qatar and Bahrain have kept interest rates unchanged, following the US Federal Reserve's decision to hold its benchmark rate steady. The Fed's rate-setting committee voted 10-2 to keep its benchmark rate…