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18,279 BTC drained from Binance in the crypto industry’s largest hack
About $1.4b in Bitcoin was hacked from Binance yesterday, equivalent to 0.66% of its total BTC reserves This was the second-largest BTC outflow in Binance’s history — surpassed only by 2022 FTX collapse. Binance’s SAFU reserve covers 85% of exchange’s BTC holdings — its total reserve still stands at 2.74 million Bitcoin Other assets were also drained, bringing the total amount drained from exchange to $6.3b — about $3b has been frozen by industry partners to date.