Binance and Polymarket are investigating potential hacks. The former says it's frozen around $3 billion.
Binance is investigating a hack potentially worth billions, while Polymarket said it would reimburse users affected by a separate security breach.
Two major cryptocurrency trading platforms, Binance and Polymarket, were under investigation for potential security breaches on Thursday. Binance, the world's largest exchange by trading volume, reported that it had frozen approximately $3 billion worth of user funds in response to the incident. Polymarket, which handles the largest volume of prediction market trading, temporarily halted trading after users reported unauthorized withdrawals due to what the company believed to be a compromised third-party provider.
Both platforms stated that affected user funds would be protected, with Binance promising to cover all losses and Polymarket promising to reimburse. Investigations were ongoing and no direct connection between the two incidents was established.
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