Binance is investigating a possible security incident after large transfers left wallets labeled as its own. Tether froze about $1.57 billion and Circle froze $823 million tied to the suspected event. Whale Alert recorded 28,005 ETH, worth roughly $64.9 million, and 780 million USDC leaving for the same new address, which then forwarded 195,460 ETH, worth about $449 million, to a second address. Blockchain observers identified transfers totaling close to $2.8 billion across five chains, although the full figure has not been reconciled. Meanwhile, Bitcoin fell to $78,297 on Binance as nearly $1 billion in cryptocurrency liquidations occurred over 24 hours.
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