Binance announced that it wasn’t a hacker. Actually, there’s another possibility for this situation, and I’ve experienced it before: Wash trading to withdraw funds. Anyone who’s been playing on CEXs for a while knows there’s a type of account that can trade but can’t withdraw. This could be due to judicial monitoring, API custody for quant funds, market maker account violations under Binance investigation, etc. I’ve even had a situation where I couldn’t reach a friend who was running an account, and their withdrawal got stuck because they couldn’t pass facial recognition. Previously, there was a case where a quant program API stole money by using wash trading to bypass withdrawal restrictions. A friend of mine experienced the first scenario I mentioned. His CEX account, which he used for market-making, got flagged by judicial authorities and put under risk control. The first step was freezing withdrawals. At that point, there’s still a window before trading is also restricted (could be weeks or months, depending on the judicial process). He managed to wash trade his funds out during that time. I also remember another case where a foreign spy paid someone for leaking information by agreeing on a specific time to trade a “penny stock” on the Hong Kong stock market—those super cheap, barely traded stocks. One side buys, the other sells, and the money gets transferred. Anyway, this kind of wash trading inevitably lets some bystanders profit, which is just part of the normal “leakage” during the fund withdrawal process. A few years ago, I made tens of thousands from one of these situations, but @Vida_BWE scoring millions off this is just insane. I bet the other side didn’t see that coming—they must be hurting