Binance flags 'potential security issue,' says approximately $6.3 billion impacted
It wasn't immediately clear the extent of the damage hackers might have been able to cause, and Binance had not explicitly confirmed that funds had been pilfered. The company said its teams are "working around the clock" to resolve the issue.
Binance, the world's largest cryptocurrency exchange, is investigating a potential security issue that could have impacted over $6.3 billion in user funds, according to the company's latest statement. Binance's founder, Changpeng Zhao, stated on Thursday that the incident appears to be a hack on the platform. The company has confirmed that user funds remain safe, with no evidence of a wallet private key leak found during the investigation.
Binance has worked with blockchain partners to freeze affected assets, freezing roughly $3 billion on-chain so far. The exchange has temporarily suspended all deposits and withdrawals while it conducts security checks and works with law enforcement. Stablecoin providers Tether and Circle have also frozen funds related to the incident.
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