● BINANCE HACK DRAINS $5.8 BILLION FROM WALLETS

Binance, the world's largest crypto exchange, may be facing the biggest hack in the industry's history. Wallets linked to the exchange saw suspicious outflows estimated at $5.8 billion on October 29, spread across Bitcoin, Ethereum and other networks. Tether and Circle moved fast, freezing a combined $1.79 billion in USDT and USDC tied to the incident. Binance said it is investigating a "potential security issue," while former CEO Changpeng Zhao said he expects user funds to be fully covered. $BNB dropped more than 5.5% on the news.