World’s largest crypto exchange investigating reports of potential hack
Summary
Binance said it was investigating reports of a potential security issue after its founder said the incident appeared to be a hack. The exchange had not confirmed that funds were stolen, while stablecoin issuers said they froze funds linked to the incident.Key Facts
- Binance described itself as reviewing relevant information and said it would provide updates through its official channels.
- A Binance spokesperson said user funds were safe.
- Binance had not explicitly confirmed that hackers stole funds.
- Circle CEO Jeremy Allaire said the company froze more than $800 million in currency associated with the incident, in coordination with law enforcement.
- Tether CEO Paolo Ardoino said the company froze more than $1.5 billion in currency related to a potential Binance exchange hack.
- Bitcoin fell 3.2% Thursday afternoon to below $79,000.
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