Prop firm news

Chainalysis: Binance hacker moved $325M through exchangers to evade stablecoin freeze

Analytics firm Chainalysis (a company that tracks coin movements on the blockchain and works with exchanges and regulators) has traced the Binance hack: the attacker managed to convert about $325M into other assets to bypass blockades. In parallel, roughly $2.8B has been frozen in connection with the incident.

Withdrawals will resume within 48 hours: Binance estimates hack damage at $6.3 billion

Binance co-founder Yi He said withdrawals will begin to resume within 48 hours. The exchange halted withdrawals overnight after the attack, which it estimates caused $6.3 billion in damage, and promises to cover all user losses.