LOS ANGELES (AP) — Binance, the world’s largest cryptocurrency exchange, said Thursday it’s investigating reports of a potential security issue as its founder said the incident “does look like a hack on Binance.” The company said cryptocurrency firms had frozen more than $2.5 billion in funds by Thursday evening. Join our WhatsApp group Subscribe to […]
Summary
- Join our WhatsApp group Subscribe to our Daily Roundup Email It wasn’t immediately clear the extent of the damage hackers might have been able to accomplish and Binance had not explicitly confirmed that funds had been pilfered.
- “Rest assured that user funds are completely safe,” a Binance spokesperson said in a statement.
- “Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information,” the statement continued.
- The company wrote on its X account about two hours after its initial disclosure that the current verified total of frozen funds was $2.54 billion.
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