Crypto Briefing11h ago

Binance restores USDC, USDT, ETH and BNB withdrawals after hot wallet breach

AI Market Summary

Binance restored USDC, USDT, ETH and BNB withdrawals on Ethereum and BNB Smart Chain after a hot wallet exploit reportedly draining about $6.3B. Resumed withdrawals ease immediate contagion and stablecoin redemption pressure, but the scale of the loss raises custody and solvency questions, likely weighing on exchange-linked tokens and near-term risk appetite across crypto.

Impact level

● High

Affected assets

BNB/USDT+0.52%

AI Insight · BNB/USDTAI Insight

▼ Bearish

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Withdrawals of USDC, USDT, ETH and BNB have been restored on Ethereum and BNB Smart Chain. The restoration followed an attack on a hot wallet. About $6.3 billion was stolen in the breach.

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