According to CoinMeta, as reported by Unusual Whales, Binance is investigating a suspicious outflow of crypto assets amounting to $5.77 billion, involving three blockchains. These suspicious transfers involved hot wallets associated with Binance, which the exchange typically uses to handle withdrawals and other transactions. Circle has frozen approximately $823 million of USDC, while Tether reports that additional freezes were made as investigators tracked the flow of funds.