Bitcoin falls below $79,000 amid reports of suspected Binance hack

What sources claim

• Tether CEO Paolo Ardoino said the company froze more than 1.567 billion USDT, and Changpeng Zhao said Circle froze about $823 million in USDC.
• Coinbase senior director Conor Grogan put the suspected Binance outflows at $5.8 billion, while onchain data cited in reports shows about $3.55 billion in incoming transfers to an unlabeled wallet.
• Bitcoin Magazine reported Bitcoin trading at $78,800, down 2.89% (about $2,350) over the past 24 hours, and Cointelegraph reported the broader crypto market fell 3.3%.

Still unresolved

• Binance has not officially confirmed a breach; an official Binance statement or on-chain accounting would establish the actual amount lost.
• Reports put combined stablecoin freezes between $1.8 billion and $2.4 billion; issuer disclosures would confirm the final frozen totals.

Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished.

Measured from the sample nearest site detection, on the same source and quote currency.