🚨 Urgent: Following massive and unusual movements from wallets linked to Binance, the platform announced that it is investigating a potential security issue, while CZ confirmed that users’ funds are safe and said he expects any losses to be covered, noting that large sums of $USDT and $USDC were frozen by Tether and Circle.
So far, Binance has not announced a final loss figure or officially confirmed the scale of the breach. The widely circulated figure of $1 billion also does not mean that losses have reached that amount.
All eyes are now on Binance’s official update and the resumption of normal withdrawals. In circumstances like these, caution is more important than haste.
So far, Binance has not announced a final loss figure or officially confirmed the scale of the breach. The widely circulated figure of $1 billion also does not mean that losses have reached that amount.
All eyes are now on Binance’s official update and the resumption of normal withdrawals. In circumstances like these, caution is more important than haste.
