1INCH Falls 13% After 1inch Says Token Was Stolen From Binance

1INCH fell 13% after 1inch said its token was among assets stolen from Binance, extending losses beyond Bitcoin (BTC) and Ether (ETH). The project also explained that blocking an attacker’s access to its apps cannot freeze the tokens themselves. The statement links 1INCH to the theft through 1inch’s identification of the token among the assets taken from Binance. It draws a separate line around the project’s apps: restricting an attacker’s access to those applications does not immobilize 1INCH, 1inch said. The market move and the project’s explanation describe different parts of the update.

Source: TokenPost