Binance halts withdrawals after $5.8 billion crypto outflow, freezes $3 billion in assets
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Binance confirmed a potential security breach on Thursday. The company paused all deposits and withdrawals as a result. They are currently working with token issuers and law enforcement. This collaboration aims to freeze approximately $3 billion of stolen funds. The security incident follows a crypto outflow of $5.8 billion.
Binance confirmed a potential security breach on Thursday, pausing all deposits and withdrawals while working with law‑enforcement and token issuers to freeze roughly $3 billion of the stolen funds.