The Marked Chart Wire · Series of events
Series of events · Binance
Binance faces DOJ review and major security breach
The exchange is under legal scrutiny while dealing with a reported multi-billion dollar hack.
Updated
The flow in 3 points
- DOJ is reviewing Binance's compliance with 2023 settlement terms
- Reports indicate Binance reportedly may have been compromised
- On-chain data reportedly shows a suspected $5.57 billion drain
What happened, in order
Times are Eastern-
Where it began
DOJ compliance check
The Justice Department is reviewing whether Binance has followed the terms of its 2023 settlement agreement.
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Turning point
Hack reports emerge
Reports indicate that the cryptocurrency exchange Binance reportedly may have been compromised in a security incident.
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Funds moved out
More than $3 billion has reportedly moved from Binance wallets linked to a hack, with $900 million in USDT frozen.
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Total loss estimated
On-chain data reportedly indicates a suspected $5.57 billion drain from Binance, with $1.8 billion frozen by issuers.
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Latest
Binance investigates suspected $5.7 billion
Binance investigates suspected $5.7 billion cryptocurrency theft
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How they connect
The Justice Department began reviewing Binance's compliance with a 2023 settlement before reports of a security incident emerged. Subsequent on-chain data detailed the scale of the suspected hack and the freezing of related assets.
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