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Binance may have been hacked; Tether and Circle reportedly froze funds
A Binance shareholder said Tether froze about $971 million and Circle about $823 million; he expects user funds fully covered.
TLDR
A Binance shareholder who says he no longer manages the exchange said it “does look like a hack” and thanked Tether for freezing about $971 million and Circle for freezing about $823 million. He said user funds were safe and expected them to be fully covered. WatcherGuru claimed over $5.6 billion was stolen; another user speculated AI was used. A separate post claimed Polymarket had been hacked.
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