I was just reading up on this Binance hack... this is bad, real bad. But not because people will end up losing their money. Seems like the SAFU is going to save the potatoes, but more so because it can trigger a big sell off, and thus kill the little rally we had going on.

That said, once again, the biggest stable "crypto tokens" are proven to not be crypto. The fact they froze USDT and USDC is all you need to know.

Nonetheless, the attacker walks away with a lot of ETH.