Circle, Tether freeze funds impacted by potential Binance 'security issue'
Binance, the world's largest crypto exchange, said it was actively investigating the matter and that funds are "completley safe."
Binance is investigating a potential $1.8 billion security breach, according to reports. The exchange's co-founder, Changpeng Zhao, reported that stablecoin issuers Tether and Circle froze nearly $1.8 billion in assets. Zhao, who is no longer with Binance, stated that the activity appeared to be a hack and that the company expects all user funds to be fully covered. The investigation follows suspicious wallet transfers that were first reported by blockchain researcher Spreek.
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