No way to tell if S’pore investors affected by Binance hack; withdrawals temporarily suspended
Funds are safe and deposits unaffected, but withdrawals will remain paused while a security revamp is completed, Binance said.
Singapore investors may be affected by a recent Binance hack, though it is impossible to determine at this time. Binance has suspended withdrawals until a security overhaul is completed. User funds are safe, and deposits have not been affected. The exchange issued $6.3 billion (S$8.05 billion) in funds, with about half frozen to prevent further losses.
Binance stated it was investigating and does not comment on individual cases. The hack is believed to be linked to the same group behind the Bybit hack in February 2025, according to TRM Labs. Binance remains on Singapore's Investor Alert List, and the platform is a blockchain innovation hub focusing on global development.
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