Binance Investigates $6.3 Billion Security Incident as Crypto Withdrawals Are Suspended
Binance is investigating a major security incident with an estimated impact of $6.3 billion, prompting the cryptocurrency exchange to temporarily suspend deposits and withdrawals. The company's initial findings point to a potentially compromised engineer's laptop, while blockchain partners have helped freeze approximately $3 billion in affected assets. Binance says customers will not bear the losses as investigations continue.