Binance hack drained wallets backing customer assets, reserve data shows
Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.
A suspected security breach at Binance, the world's largest cryptocurrency exchange, has led to the freezing of over $2.5 billion in assets, causing a drop in the value of digital tokens. Despite Binance asserting that they have not confirmed any impact on customer funds, the company is actively investigating the matter. A Binance spokesperson stated, "We are aware of reports of a potential security issue and we are actively investigating."
The company is reviewing all relevant information with urgency and will provide updates through official Binance channels once they have verified information. Currently, Binance has frozen $2.54 billion in assets, and this figure may increase as they collaborate with law enforcement, issuers, blockchain intelligence firms, and industry partners.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Binance freezes more than $2.5 billion in assets amid suspected hack japantimes.co.jp
