Video published by Nico Cabrera on his YouTube channel.
The Nico Cabrera channel devotes this video to an alleged hack of Binance. According to the author, the exchange’s hot wallets have recorded outflows of approximately $3.3 billion to a new address funded through Tornado Cash.
Nico Cabrera claims that CZ, founder of Binance, has confirmed that “it does indeed look like a hack of Binance,” and argues that it would be the largest amount ever stolen from an exchange, surpassing Bybit’s $1.46 billion.
In the video, the author covers these points:
- the on-chain transactions, shown live;
- how the attack may have been carried out;
- the immediate reaction from Tether and Circle, which according to him froze around $2 billion of the loot;
- the drop in BNB;
- what all this means for those who hold funds on Binance.
Nico Cabrera adds that, according to CZ, user funds are safe and will be fully covered.
More videos from Nico Cabrera on Territorio Blockchain
The opinions expressed in the video are those of its author. This content is for informational purposes only and does not constitute financial advice.
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