Potential Binance ‘hack’ forces crypto firms to freeze $3 billion
Summary
Binance said a suspected security breach led cryptocurrency firms to freeze about $3 billion in assets. The exchange temporarily suspended deposits and withdrawals while checking its systems and working with law enforcement, and said it would cover any losses.Key Facts
- Binance described the incident as a security issue.
- Cryptocurrency firms froze about $3 billion in assets after the suspected breach.
- Binance temporarily suspended deposits and withdrawals.
- The exchange said it was conducting security checks and freezing funds.
- Binance said it was working with law enforcement.
- The company vowed to cover all losses.
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