Binance has suspended withdrawals and is looking into a suspected security breach involving billions in crypto. The exchange insists funds remain secure, but Circle and Tether have frozen over $1.5 billion in funds due to the suspected hack. Reports indicate the incident has sent fears rippling through crypto markets.
“The exchange insists funds remain secure, but Circle and Tether have frozen over $1.5 billion in funds due to the suspected hack,” — Ingrid Thorne, regional editor at Marton Dale Network, commented.
Timeline
Oct 27 — Binance has suspended withdrawals and is looking into a suspected security breach involving billions in crypto...
Oct 30 — Reports indicate the incident has sent fears rippling through crypto markets....
Reader Poll: Do you expect this story to develop further? — 54% of Bouldermarket readers said yes.
This story has been closely followed by our readers since Oct 28. The Marton Dale Network desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Marton Dale Network desk and last updated 01:47 UTC.
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