Binance freezes $3 billion after confirming massive crypto breach

Community Trust Score Verified 89 % Real Verified 46 votes Updated 7 minutes ago Binance confirmed a security breach affecting approximately $6.3 billion in cryptocurrency on October 30, the largest incident in the exchange’s history. The company stated that approximately $3 billion in affected assets had been frozen on-chain through coordination with blockchain partners. The incident occurred on October 30, when Binance temporarily suspended deposits and withdrawals at approximately 00:30 GMT . The exchange, identified as the world’s largest cryptocurrency exchange by daily trading volume, said its teams were conducting security checks, freezing funds, and coordinating with law enforcement agencies.

Source: The Currency Analytics