AI summary
Binance is investigating a suspected hack, creating uncertainty about stolen funds and triggering immediate market reactions from stablecoin issuers.
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World’s largest crypto exchange investigating reports of potential hack
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Binance said the extent of damages was not known and had not confirmed whether funds had been pilferedBinance, the world’s largest cryptocurrency exchange, said on Thursday it is investigating reports of a potential security issue as its founder said the incident “does look like a hack on Binance”.It wasn’t immediately clear the extent of the damage hackers might have been able to accomplish and Binance had not explicitly confirmed that funds had been pilfered, but stablecoin issuers quickly froze funds Thursday evening. Continue reading...
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