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

Binance is investigating a suspected multi-billion-dollar hot wallet breach after Tether and Circle froze more than $2.3 billion in illicit transfers. The suspected exploit targeted Binance's hot wallets, prompting the stablecoin issuers to freeze funds. The scale of the frozen assets suggests a significant security incident affecting the exchange's operations.