Binance reportedly loses about $1bn in hack
Social media posts refer to a roughly $1bn Binance loss tied to a hack, but no details or confirmation from the exchange appear in the posts.
Not yet known
- Unconfirmed: a roughly $1bn Binance loss tied to a hack
- Whether Binance has confirmed any loss or hack; no exchange statement appears
- How the loss happened; no details have been given
- Whether the reported figure of about $1bn is accurate
What we know
A trader jokes that a few more liquidations would 'cover the Binance hack losses'. Another account says a billion dollars was lost, a reminder of the risks in crypto. Neither post gives details on how the loss happened, and the figure is unconfirmed.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
@DCinvestor
“a few more liquidations to cover the Binance hack losses”
View post →@KiyotakaXBT
“A billion dollars lost is no small matter.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.