Binance, the world's largest cryptocurrency exchange, said on Thursday it had frozen $3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle and Tether...
Summary
- "Binance will cover all hacking losses," Binance co-founder Yi He said, without providing more details about the incident.
- The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday.
- Bitcoin dropped about 2% to a six-week low of $77,646 and ether fell around 2% to a two-month low of $2,238.76.
- BNB, a token originally launched as Binance Coin that can be used to pay Binance fees, was down more than 8% over the past 24 hours at $694, according to market aggregator CoinGecko.
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