S&P 500
7,228.60
+0.03%
Dow Jones
49,380.10
-0.23%
Nasdaq 100
27,756.20
+0.26%
Russell 2000
2,805.06
+0.01%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,735.00
+0.80%
Stock Market Live May 4, 2026: S&P 500 (SPY) Sinks on Iran Uncertainty Again

Investing

Binance Freezes Trading After Identifying a Potential Hack Worth $600M

Photo of 247patrick
By 247patrick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Binance Freezes Trading After Identifying a Potential Hack Worth $600M

© Patrick Lux / Getty Images News via Getty Images

Binance announced on the BNB Twitter account it was suspending transactions due to “irregular activity.’ The announcement followed rumors of an exploit on the chain that might have stolen as much as $600 million in the chain’s native token.

Binance Halts Trades After Detecting “Irregularities”

On Thursday afternoon rumors started going around about a major hack on the BNB chain. The hack may have involved as much as $600 million in the chain’s native token, but the details of the attempt are still unclear.

The account allegedly linked to the hack currently holds around $500 million worth of crypto and has since been blacklisted. Binance quickly thanked its node service providers for a quick response, and added that “all funds are safe.”

This is a breaking story and will be updated as new details emerge.

This article originally appeared on The Tokenist

Photo of 247patrick
About the Author 247patrick →

Continue Reading

MULTI Down 10% Amid Uncertainty Over Rumors of Executives Missing
247patrick |

MULTI Down 10% Amid Uncertainty Over Rumors of Executives Missing

On Thursday, Multichain Protocol announced on Twitter that it could not contact its CEO, who had exclusive access to the…
20 of the Biggest Cryptocurrency Scams of the Past Year
247patrick |

20 of the Biggest Cryptocurrency Scams of the Past Year

Cryptocurrencies have an air of being 100% secure. Yet the past year was full of hacks and scams resulting in…
Bitrue Shuts Down Withdrawals Till 18th April After $23M Exploit
247patrick |

Bitrue Shuts Down Withdrawals Till 18th April After $23M Exploit

Singaporean cryptocurrency exchange Bitrue has announced that it will temporarily suspend all withdrawals to conduct security checks.
Curve Founder Sells ~$40M in CRV Tokens Amid Liquidation Risk
247patrick |

Curve Founder Sells ~$40M in CRV Tokens Amid Liquidation Risk

To reduce the liquidation risks of a big loan collateralized by CRV tokens, Curve's founder and CEO has sold nearly…
Decentralization Is Trending: DEX Tokens Surge Post FTX Collapse
247patrick |

Decentralization Is Trending: DEX Tokens Surge Post FTX Collapse

After FTX/Alameda Research imploded, we are seeing a dual migration of digital assets.
SBF States FTX is “Fine”, Competitor Spreading False Rumors
247patrick |

SBF States FTX is “Fine”, Competitor Spreading False Rumors

Sam Bankman-Fried tweeted “FTX is fine” on Monday after investors rushed to hedge against a potential slump in the crypto…
Nomad Bridge to Relaunch and Provide ‘Partial’ Refunds via NFTs
247patrick |

Nomad Bridge to Relaunch and Provide ‘Partial’ Refunds via NFTs

Nomad Bridge is set to relaunch and partially compensate the users affected by the $190 million exploit earlier in 2022.
CRV Down 12.6% After $70M Curve Finance Exploit
247patrick |

CRV Down 12.6% After $70M Curve Finance Exploit

Curve Finance lost roughly $70 million in digital asset funds following a series of hacks on its liquidity pools on…
FBI Rings Alarm as DeFi Hacks Dominate Crypto Crime: $1.3B Stolen in Q1 2022
247patrick |

FBI Rings Alarm as DeFi Hacks Dominate Crypto Crime: $1.3B Stolen in Q1 2022

DeFi hacks have become so rampant that the FBI issued a warning to crypto investors.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618