P101news.today101Fri 30 Oct06:32
NEWS.TODAY
HEADLINES 1/9
Binance frozen as potential $6.3bn hack hits exchange
Binance, the world's largest cryptocurrency exchange, said it was investigating a security breach affecting an estimated $6.3 billion in assets.
Binance, the world's largest cryptocurrency exchange, said on Thursday it was investigating a potential security breach affecting an estimated $6.3 billion in assets, potentially the biggest cryptocurrency theft on record. The exchange temporarily suspended deposits and withdrawals as a precaution. Binance founder Changpeng Zhao said the incident appeared to be a hack. Stablecoin issuers Tether and Circle froze around $2.5 billion in related assets as a precaution. Binance said it had worked with partners to freeze about $3 billion of affected assets and promised to cover all losses through its emergency fund and company assets. UPI reports that blockchain intelligence firm TRM Labs attributes the hack to TraderTraitor, a group of North Korean-sponsored hackers.
From 16 outlets:
UPI›
Summary written by AI from these reports. See news.today/ai
OL: —