Binance Freezes Assets After Suspected Hack
· Business · Bloomberg, CoinDesk
Binance froze assets on its platform after detecting a suspected hack, the cryptocurrency exchange said in a statement. The company did not disclose the amount of funds affected or the specific tokens involved. Binance said it is investigating the incident and working with law enforcement agencies. Trading and withdrawals remain suspended for the affected assets while the review continues. The exchange has not provided a timeline for when normal operations will resume.
Why it matters
The freeze disrupts trading and withdrawals for Binance users worldwide and raises fresh concerns about security at the largest crypto exchange.
Read the original report — Bloomberg
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