Binance said on October 29 that it was investigating reports of a potential security issue following large transfers from wallets linked to the exchange. The exchange assured customers that their funds were safe but provided no loss estimate or explanation of the suspected incident. Tether CEO Paolo Ardoino said the company froze more than 1.567 billion USDT in connection with a potential attack on Binance. Binance founder Changpeng Zhao said Circle also froze about $823 million in USDC and that customer assets should be fully covered. Blockaid estimated that roughly $2.5 billion moved from two Ethereum wallets, alongside $780 million in USDC, while the final losses were still being reconciled.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
