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Binance Probes Hot Wallet Breach Amid Billions in Outflows
Original: Binance Investigates Massive Hot Wallet Hack with Billions in Outflows
Binance says it is investigating a security incident involving one of its hot wallets, with on-chain trackers reporting large-scale fund movements from the exchange. Billions of dollars in outflows were recorded as users rushed to withdraw assets, and the episode has renewed debate about exchange custody practices and the safety of funds held on centralized platforms.
Why now: Major crypto hacks trigger immediate market fear and mass withdrawals, making the story spread fast.
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