Binance investigates reported security incident

Technology · First reported 29 Oct, 22:20 · Updated 23:27

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Binance said it was investigating a potential security issue. The supplied coverage reports that Tether and Circle froze related funds, while the extent of any loss remained unclear.

Binance said it was investigating reports of a potential security issue; the extent of any damage was unclear, and the company had not confirmed funds were stolen.
Tether and Circle said they froze funds connected to the incident; Circle reported freezing more than the equivalent of $800 million and Tether more than $1.5 billion.
The Information’s headline said more than $2 billion in tokens had left exchange wallets as Binance investigated a potential hack.

Summary written by Lux AI from 2 articles

Key facts

Binance status: Investigating reports of a potential security issue; it had not explicitly confirmed funds were stolen.
Circle-reported freeze: More than the equivalent of $800 million.
Tether-reported freeze: More than the equivalent of $1.5 billion.
Bitcoin price movement: Down 3.2% to under $79,000 on Thursday afternoon.
Tokens leaving wallets: The Information headline reports more than $2 billion in tokens left exchange wallets.