Binance investigating potential security issue, freezes deposits and withdrawals
Binance , the world’s largest cryptocurrency exchange , said on Thursday that it has temporarily suspended all deposits and withdrawals as it looks into a potential security incident. In a series of social media posts, the company said it was working "around the clock" and that it will eventually "share a full post-mortem" as it works with law enforcement. " Binance will cover all losses," one of…
Binance, the world's largest cryptocurrency exchange, has temporarily suspended all deposits and withdrawals while investigating a potential security incident, according to the company's social media posts. The company stated that it is working around the clock and will eventually share a full post-mortem report with law enforcement.
Binance has assured users that all deposits and withdrawals are safe and will be covered by the company if any losses occur. Users are advised to remain vigilant for potential scams and not to trust unofficial links or requests for account information. The company has promised to resume trading as soon as the security issue is resolved.
Written by urgent.news from The National Business'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 investigating potential security issue, freezes deposits and withdrawals thenationalnews.com
- Tether, Circle freeze $2.38 billion after Binance reports security incident channelnewsasia.com
