Callan Quinn / The Block:
Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund — – Binance has released the addresses of its hot and cold wallets. — It provided a snapshot of its current holdings.
Jamie Crawley / CoinDesk:
Binance will stop supporting the world’s second biggest stablecoin USDC and convert users’ USDC, USDP, and TUSD into its own stablecoin BUSD on September 29 — The action effectively removes the world’s second biggest stablecoin USDC as a tradeable asset on Binance’s platform.
Nikhilesh De / CoinDesk:
100+ BTC was moved out of cold storage wallets tied to QuadrigaCX, the exchange that went bankrupt after its CEO allegedly died, claimed to be inaccessible — More than 100 BTC tied to QuadrigaCX moved out of cold storage wallets over the weekend. Quadriga’s bankruptcy trustee …
Sam Reynolds / CoinDesk:
A New York judge orders Tether to produce documents related to the backing of USDT in a lawsuit claiming Tether conspired to issue USDT to pump bitcoin prices — The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market.
Joanna Ossinger / Bloomberg:
Binance’s BNB token dropped 9% over the past month, even as bitcoin remains steady, after record outflows; BNB has jumped over 1,600% in the past three years — The native token of crypto exchange Binance Holdings Ltd. snapped a prolonged slide that was sparked in part by concerns about outflows …
Elizabeth Howcroft / Reuters:
Binance says 2M BNB, worth ~$570M, were stolen from its BNB Chain in an exploit; “majority” of BNB are in the hacker’s wallet, ~$100M worth were “unrecovered” — Hackers have stolen around $100 million worth of cryptocurrency from a Binance-linked blockchain …
Tim Copeland / The Block:
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users — – Binance has put out its proof-of-reserves system, in light of FTX’s meltdown. — It shows a reserve ratio of 101% for its users’ bitcoin balances.
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