Circle, Tether freeze funds impacted by potential Binance ‘security issue’
28 Articles
28 Articles
"User funds are completely safe," says the company, which has more than 300 million users worldwide, in a shared statement on X this Thursday evening.
Crypto giant Binance investigating security concerns amid reports of hack: 'User funds are completely safe'
Binance says user funds remain safe amid reports of a potential hack. The crypto exchange is investigating and warns users against scams and unofficial links.
The founder of Binance Chanpen Zhao, who was also its former director, stated that the site appeared to have been hacked. "It looks like a breach of the Binance. Thank you for the fast freeze from Tether (about $971 million) and Circle (about $823 million)," Zhao wrote in X. He assured that users' funds were safe. "I no longer manage Binance (.com), but as a shareholder, I expect that all user funds will be fully protected," Zhao added. Zhao add…
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