[Breaking] Binance Hot Wallets Hit by Suspected $5.6B Exploit as Tether and Circle Freeze Billions

Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Binance is actively reviewing a potential major security breach after on-chain data revealed abnormal transfers exceeding $5.5 billion across multiple network hot wallets . In response, major stablecoin issuers have moved swiftly to freeze more than $2.3 billion in assets linked to the suspected exploit addresses . Binance published a direct security notice confirming that internal teams are aware of anomalous activity and are prioritizing asset safety: Former CEO and major shareholder Changpeng “CZ” Zhao also addressed the community via X, acknowledging the…