According to CoinMeta, during Black Friday, Binance experienced a major theft incident. According to the latest information, the theft occurred at 04:10 am on October 30th, with a total of $6.26 billion transferred off the chain. Of this amount, $2.54 billion has been frozen by Tether and Circle, and more funds are being recovered. CZ indicates that the actual loss may exceed $1 billion. Among the assets transferred, the amount involving USDT reached $1.77 billion, followed by BTC at $1.44 billion and ETH at nearly $1 billion. The hackers sold a large amount of counterfeit coins from their hot wallets as ETH, causing the coin price to plummet in a short period. The method of the attack is still being confirmed, and currently, fund withdrawals have been suspended. Binance has repeatedly emphasized that users' funds are safe and is awaiting a proper solution.