Have you been opening the app lately and feeling your heart skip a beat? 😮
Binance has just confirmed a major security incident, with estimated losses of around $6.3 billion.
The exchange says it has worked with partners to freeze around $3 billion in related assets.
Deposits and withdrawals have been temporarily suspended for security checks. Binance has pledged to cover all losses using its SAFU fund and company funds, while affirming that users’ funds remain safe.
The market reacted strongly: $BTC fell to a six-week low, around $76,000.
I’ll keep an eye out for further official announcements from Binance before sharing any more thoughts.
Are you holding coins on an exchange or have you moved them to a personal wallet? Share below 👇
$BNB #Binance #Bitcoin #SAFU
Personal opinion, not investment advice
Binance has just confirmed a major security incident, with estimated losses of around $6.3 billion.
The exchange says it has worked with partners to freeze around $3 billion in related assets.
Deposits and withdrawals have been temporarily suspended for security checks. Binance has pledged to cover all losses using its SAFU fund and company funds, while affirming that users’ funds remain safe.
The market reacted strongly: $BTC fell to a six-week low, around $76,000.
I’ll keep an eye out for further official announcements from Binance before sharing any more thoughts.
Are you holding coins on an exchange or have you moved them to a personal wallet? Share below 👇
$BNB #Binance #Bitcoin #SAFU
Personal opinion, not investment advice
