Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation. Today in crypto, a newly revealed wallet exploit raised fresh security concerns, Binance saw $1.23 billion leave the exchange in a week as Ethereum withdrawals hit a three-year high and Vitalik Buterin mapped out Ethereum's next major evolution with a focus on quantum resistance. Thousands of crypto wallets are at risk of being drained due to the use of weaker-than-intended recovery phrases, an exploit that Blockchain security research firm Coinspect has dubbed “Ill Bloom.” The wallets at risk span Bitcoin, Ethereum, Polygon, Rootstock, Tron and Solana, Coinspect said in a disclosure on Sunday, with the issue related to weak randomness — an insecure pseudorandom number generator — used during recovery phrase generation on certain software wallets. “If funds recently moved without your permission, this vulnerability may be why,” Coinspect said. The vulnerability has impacted wallets generated as early as 2018 and more often occurs in lesser-known mobile software wallets. At least $5 million has been drained from exposed wallets since May 27, though there could have been exploits on additional networks and addresses, meaning the number of wallets at risk may be much higher. Binance, the world’s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high. According to DefiLlama >data viewed by Cointelegraph on Sunday, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the week prior, while monthly net outflows totaled about $3.2 billion. Separately, CryptoQuant community analyst Darkfost >reported Friday that Binance’s Ethereum withdrawal transaction