Binance hack drained wallets backing customer assets, reserve data shows
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Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.
The UXLINK hacker-linked address 0xde8...9524 held 30,300 ETH long positions on Hyperliquid, which initially showed a floating profit of $7.422 million in the early hours of today, but has since narrowed to $2.45 million. ETH has come under pressure and retreated due to the Binance hack.
