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Binance price3/11/2023 Some of this communication dates back to 2020. We apologize for the inconvenience and will provide further updates accordingly.Federal prosecutors in the United States have asked for access to CZ’s emails and other communication records as part of an anti-money laundering investigation. We have asked all validators to temporarily suspend BSC. 7: The incident was confirmed to be a part of a hack related to the BSC Token Hub, the bridge between the BSC and BNB chains.Īn exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. This is an evolving story further information will be reported as it becomes available. We will suspend all deposits and withdrawals via BNB chain temporarily until there are further updates. The BNB chain has now been paused, giving further indication of a malicious actor being at play. There has been no confirmation that the event was the result of a hack or exploit. The price of BNB fell sharply by 5% during the period when the wallet became active, giving up the gains it had made since the start of October. Perhaps the $ETH long is to tornado, ultimately Otherwise very big dark money sitting in BNB waiting to exit. If hack, seems like Binance themselves was hacked? Really curious how they are getting in front before Binance. However, only around 20% of the total wallet value has been converted to ETH.īlacklisted by Tether. If this is related to some form of exploit, he further posited that Binance itself might be the victim.Īnother theory is that the Ethereum held in the wallet may have been sent to Tornado Cash. While Green Jeff commented that the “activity doesn’t really look like a hack,” he questioned why Tether would be moving faster than Binance. GREEN JEFF (The Bread #9) October 6, 2022įurther analysis by Green Jeff, however, confirmed that the Tether blacklisting might suggest malicious activity. Looks like a huge concentrated bet: Long $ETH vs stablecoins using $BNB collateral. Some gigawhale (possibly Binance) is making a massive on-chain leverage play in real-time. CryptoSlate’s analysis also arrived at this conclusion as on-chain data shows a large deposit to Venus swapping tokens for stablecoins using the BNB as collateral. Green Jeff on Twitter argued that the receiving wallet had bridged BNB tokens and subsequently made a leveraged DeFi play using the funds. His last tweet was made an hour before the information became public knowledge and stated, “it’s not about cash flow it’s crypto flow.” Since the tweet, almost half a billion dollars of BNB has flowed through a now-blacklisted wallet. Hack's looking a lot more likely: /JB1upZ9Ad0Īt the time of press, CZ, the CEO of Binance, has not commented on the transaction. MevRefund confirmed the blacklisting via on-chain data in a later tweet. However, the receiving wallet, “0x489A…7F79BEc,” being blacklisted by Tether suggests something malicious may be in progress. The rumor of the trade being related to some form of hack is, as yet, unconfirmed. MevRefund publicized the event on Twitter by posting a suspicious transaction that included 1 million BNB, claiming there may be a hack in progress. The blacklisting was highlighted by a Tether bot on Twitter, fueling the rumor of one of the year’s biggest hacks. Two million BNB tokens worth roughly $590 million were transferred to a newly generated wallet to an address that Tether then blacklisted.
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