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The Block
@TheBlockCo
Industry-leading crypto news, research, and data. Free newsletters: | AI news: @TheLatentCo
Joined February 2018
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UPDATE: Binance co-founder Yi He said the exchange is investigating "reports of a potential security issue" and will provide an update once it has verified the information. "User Funds SAFU," she said, while warning users not to trust unofficial links, messages, or requests for account information.
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BREAKING: Binance hot wallets appear to have transferred billions of dollars in assets to an unlabeled wallet in unusual activity flagged by onchain analyst Spreek. Arkham data shows about $3.55 billion in incoming transfer volume, with nearly $900 million later moved across different wallets. Spreek said the contract call was funded through Tornado Cash. Binance has not confirmed a breach. binancecoin:native
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