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Binance investigates potential security issue after $2 billion wallet outflow

Binance investigates potential security issue after $2 billion wallet outflow Image: Primary
More than $2 billion in Ethereum and tokens left Binance hot wallets on October 29 for a newly created address, BeInCrypto reported, citing Etherscan data. Binance said it was investigating reports of a potential security issue and had not confirmed any impact to user funds. At 20:24 UTC, Binance 14 transferred 167,464 ETH and 63 tokens. Binance 16 sent another 28,005 ETH to the same address 24 seconds later. A wallet funded through Tornado Cash triggered the transfer. The outflow could represent wallet maintenance; a theft had not been confirmed.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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