Binance is now the proud title holder for largest #Crypto hack in crypto history and could impact other crypto companies. For example, Ethena, which has issued $5 billion of USDe digital dollars, said it has total unrealized exposure to Binance of $8.8 million. Bitcoin, Ether, and Solana token prices fell after reports of the hack emerged.Tether has frozen more than $1.57 billion of USDT stablecoins related to the potential Binance hack, Tether CEO Paolo Ardoino said on X, while Circle has frozen more than $800 million of USDC stablecoins associated with the incident “in coordination with law enforcement,” Circle CEO Jeremy Allaire said on X.
Changpeng Zhao, a co-founder and former CEO of Binance, said on X that “as a shareholder, I expect all user funds will be fully covered."
https://www.nytimes.com/2..
