Binance Puts Frozen Assets at $2.54 Billion as It Probes Security Reports

Binance said it had verified $2.54 billion in assets frozen in connection with a potential security incident it is investigating, while the exchange has not disclosed a final loss figure. Binance said at 5:29 p.m. ET Thursday (21:29 UTC) that “user funds are completely safe.” At 7:22 p.m. ET (23:22 UTC), the company put its current verified frozen-asset total at $2.54 billion and said the figure could grow as it works with law enforcement, token issuers and blockchain intelligence firms. Tether CEO Paolo Ardoino said at 5:25 p.m.

Source: TokenPost