Crypto giant Binance freezes $2.5bn of assets over suspected hack
According to a BBC News report, cryptocurrency exchange Binance has suspended deposits and withdrawals while investigating a suspected security breach. The company stated that it has frozen approximately $2.5 billion in assets as part of ongoing security checks. Binance further indicated that it intends to cover all resulting losses, though the full extent of the incident remains under review.
Source: BBC News
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