A suspected hack at Binance prompted cryptocurrency firms to freeze about $3 billion in assets, the company said on Thursday. The exchange, which described the situation as a “security issue,” has temporarily suspended deposits and withdrawals while it “conducts security checks, freezes funds, and works with law enforcement.” It vowed to cover all losses. “It…
US PoliticsNorth America
Potential Binance ‘hack’ forces crypto firms to freeze $3 billion
The Hill
October 30, 2026 at 2:41 AM
9 views
A suspected hack at Binance prompted cryptocurrency firms to freeze about $3 billion in assets, the company said on Thursday. The exchange, which described the situation as a “security issue,” has temporarily suspended deposits and withdrawals while it “conducts security checks, freezes funds, and works with law enforcement.” It vowed to cover all losses. “It…