Worldâs largest crypto exchange said it had not confirmed whether funds had been pilfered
Binance, the worldâs largest cryptocurrency exchange, said on Thursday it is investigating reports of a potential security issue as its founder said the incident âdoes look like a hack on Binanceâ. The company said cryptocurrency firms had frozen about $3bn in funds by Thursday evening.
It was not immediately clear the extent of the damage hackers might have been able to accomplish and Binance had not explicitly confirmed that funds had been pilfered, but stablecoin issuers quickly froze funds Thursday evening.
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