Crypto sell-off, Binance hack aftermath and wallet security scares
Bitcoin is under pressure with heavy liquidations while security incidents pile up, including Across, Arcus and Ledger privacy concerns.
What we know
Traders describe BTC down about 10K in a week, and one analyst says there have been five $1B+ liquidation days in five weeks (unconfirmed). An on-chain analyst estimates about $891M from the earlier $6.34B Binance hack may have been moved or laundered. Across warned users not to use its app while it investigates a domain issue. Arcus said an accounting bug let one account withdraw $2.23M USDG, covered from its treasury. Ledger's CEO said everybody will be hacked at some point (as relayed by a news account). CoinDesk quotes a researcher on North Korean hackers' patient intrusions.
How the story developed
Bitcoin is under pressure with heavy liquidations while security incidents pile up, including Across, Arcus and Ledger privacy concerns.
Across Protocol warned users away from its app, a Ledger SDK data-reporting issue was flagged, and MEXC faces US Treasury action.
Sources
“They're sitting in the system for weeks and weeks and weeks.”
View post →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.
“Do NOT visit the app, connect your wallet, or sign any transaction”
View post →“AN ACCOUNTING BUG LET ONE ACCOUNT WITHDRAW $2.23M $USDG”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.