I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.
3-5bil crypto heist is crazy work. History tells us it can go any way, a "lucky" individual, disgruntled employee, well oiled and/or funded team, or a foreign government... I expect the last one tbh