Binance Freezes Withdrawals After R104 Billion Hack
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11 Articles
The theft of $6.3 billion in cryptocurrencies suffered by Binance, the largest platform for the exchange of these assets in the world, has triggered the alarms in the market. However, the company has assured that its customers will not have to bear the losses, since it will cover them entirely with its user protection fund, known as SAFU, and with its own resources.The incident, communicated this Friday by the company, has affected the operation…
Binance Freezes Withdrawals After R104 Billion Hack
[Image: Facebook] Binance has suspended all deposits and withdrawals while investigating a suspected hack, leaving customers of the world’s largest cryptocurrency exchange waiting to move their money as digital-token prices fell on Friday morning. The exchange puts the incident’s total impact at $6.3 billion (R104.7 billion), according to Reuters and Bloomberg. Binance says it has worked with blockchain partners to freeze about $3 billion (R49.9…
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