Crypto giant Binance freezes $2.5bn of assets over suspected hack

Binance suspended all deposits and withdrawals on Thursday after a security incident resulted in the freezing of more than $2.5 billion in assets, according to Bloomberg. The New York Times reported that hackers obtained approximately $6 billion in digital currency. Binance stated it will cover all losses while conducting security checks.

• BBC — Crypto giant Binance freezes $2.5bn of assets over suspected hack
• Bloomberg — Binance Suspends Withdrawals After Suspected Hack
• BBC — What we know so far about the Binance hack
• Bloomberg — Containing the Binance Hack Hinges on Vow to Make Traders Whole
• NYT — Binance Hack Sends Crypto Stocks Tumbling
• NYT — Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.
• CNBC — Why bitcoin held up better after the record Binance hack

Next story