Binance CEO Changpeng Zhao has responded to the Terraport hack that drained the platform's liquidity account of billions of Terra Classic (LUNC) tokens, noting that none of the stolen assets have been identified on the Binance platform. Some of the funds were sent to MEXC Global and KuCoin, and both exchanges have frozen the assets and are working to protect their users' assets.

The Terraport hack resulted in the theft of 15.1 billion LUNC, 9.4 million USTC, and 9.1 million TERRA. While 8.6 billion of the funds on centralized exchanges have been frozen, the identity of the perpetrator remains unclear, despite speculations that Tobias "Zaradar" Andersen was involved.