Binance flags 'potential security issue,' says approximately $6.3 billion impacted
Summary
Binance says it is investigating a potential security issue that may have affected about $6.3 billion, while the exchange works to freeze assets and suspend deposits and withdrawals. The company says user funds are safe and is coordinating with law enforcement and blockchain partners as bitcoin falls.
Key Points
- Binance said it is investigating a potential security incident that could have affected about $6.3 billion in assets.
- The exchange said roughly $3 billion has been frozen on-chain and that deposits and withdrawals are temporarily suspended during security checks.
- Stablecoin issuers Tether and Circle said they froze funds linked to the incident, including more than $800 million and more than $1.5 billion respectively.
- Founder Changpeng Zhao said the incident does look like a hack, while Binance said it has found no evidence of a private key leak.
