The biggest crypto-related hack in history by dollar volume just hit Binance, with more than $6.3 billion in affected assets moving on-chain. About $3 billion was frozen through stablecoin operators, but $3.3 billion has not been recovered. Bitcoin Magazine TV breaks down what happened, what Binance has said, and why every day now feels like zero day for crypto security.
Chapters:
00:00 Binance Sees $6.3 Billion Move On-Chain in Record Hack
00:15 Binance Freezes $3 Billion as $3.3 Billion Stays Missing
00:45 Polymarket Hack Drains $2.7 Million From User Wallets
01:13 Why Every Day Is Zero Day for Crypto Security
02:45 What the Multi-Chain Hit Reveals About Binance Custody
03:21 TRM Labs Ties the Attack to North Korea’s TraderTraitor
04:49 How the Funds Flowed Through Stablecoins and Aave
05:52 Can Binance Cover the Losses? Solvency Questions
07:31 Why Stablecoin Freezes Aren’t Freedom Technology
09:07 Bitcoin Stays Resilient Through Hacks and Bear Markets
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