Hackers Rob Binance of $6.3 BILLION

Binance says it's investigating a potential security issue, which is ranch talk for the back gate is open and the cattle are on the highway. Billions in crypto left its wallets, and Binance hasn't said how much or whether anybody broke in. Tether says it froze more than 1.567 billion USDT and Circle says it froze more than 800 million USDC, so some money got stuck at the gate. Estimates run from $3.3 billion per Blockaid to $5.8 billion per Conor Grogan, a spread wide enough to lose a cattle trailer in. Changpeng Zhao, who says he no longer runs the place, wrote that it does look like a hack. Binance says user funds are completely safe, and that dog won't hunt until somebody counts the cattle.

“It does look like a hack on Binance.”Changpeng Zhao, via ZeroHedge

“User funds are completely safe.”Binance, via BNO News