this post was submitted on 30 Oct 2026
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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] Nora@lemmy.dbzer0.com 5 points 1 day ago (1 children)

They changed the title of the article since I commented. I am pleased that my speculation was mostly correct however.

https://web.archive.org/web/20261030033426/https://www.citationneeded.news/binance-theft/

^ archive link showing that the title used to be "Attacker gets away with up to 3$ billion from Binance."

[–] Fmstrat@lemmy.world 1 points 1 day ago

Ahh makes sense