The @binance hack is probably the largest theft in financial history, surpassing both Bybit ($1.5B, 2025) and the Central Bank of Iraq (~$1B, 2003). Thoughts to the victims and hat tip the people involved in and outside Binance to make customers whole and shed light on the flow of funds. We at @21shares wrote our analysis on the incident and are closely monitoring the situation. Read more here https://www.21shares.com/en-ch/insights/binance-hack-analysis