Crypto exchange Binance may have fallen victim to a hack, potentially losing $27 million worth of stablecoins. The hack is yet to be confirmed, but it is believed to have targeted one of Binance’s wallets, making it quite a significant achievement for the individual or group responsible. The transaction hash associated with the hack suggests that $27,071,365 in Tether USDT was transferred out of the suspected Binance wallet. The stolen funds were quickly converted into ETH and then transferred to various services, including FixedFloat and ChangeNow. Additionally, the funds were bridged to Bitcoin via THORChain. Questions have been raised about why such a large sum was held in a hot wallet, especially considering that the wallet was only funded a week prior. It is important to note that the hack and the ownership of the wallet have not been officially confirmed, and further details are expected to emerge.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	ZackXBT
Companies	Etherscan, ChangeNow, THORChain, Binance, FixedFloat
Currencies	eth, tether usdt, bitcoin
Securities	None