Potential multi-billion Binance hack hitting crypto markets

Online sleuths are tracking the draining of a Binance wallet into a new externally owned account.

The new account has more than $2 billion of various coins, including $ETH, USDT, and USDC.

Crypto prices are headed lower, apparently on this news. Bitcoin BTC$79,174.29 is now down 2% in the last hour to $78,800, while ether $ETH$2,269.58 is down 3%. Hardest hit is $BNB Coin $BNB$710.48, down 6%.

This is a developing story …