Binance announced Thursday that security teams are actively reviewing the incident after freezing billions in assets following a platform issue. Changpeng Zhao, the company's founder and primary shareholder, noted on X that an apparent cyber heist had targeted the exchange. Zhao, who resigned as chief executive in 2023 and no longer runs day-to-day operations, stated his expectation that all customer assets will be entirely made whole. Users have been cautioned to disregard unofficial messages, links, and sensitive account requests while the investigation proceeds.
Key points
Platform founder Changpeng Zhao expects that all affected user funds will be fully covere…: Platform founder Changpeng Zhao expects that all affected user funds will be fully covered despite the breach.
Exchange officials emphasized that customer balances remain safe while security teams urg…: Exchange officials emphasized that customer balances remain safe while security teams urgently review the event.
Account holders are warned to remain vigilant against phishing attempts and ignore unoffi…: Account holders are warned to remain vigilant against phishing attempts and ignore unofficial requests for account data.
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Cryptocurrency exchange Binance has said at least $2.54 bn in funds have been frozen following a “potential security issue.”
The world’s largest crypto exchange said on Thursday that it was investigating the situation and that user funds were safe.
“Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information,” the company said in a statement.
“Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information.”
Changpeng Zhao, Binance’s founder and largest shareholder, said the exchange appeared to have been targeted in a cyber heist.
“It does look like a hack on Binance,” Zhao, who no longer manages Binance’s operation after stepping down as CEO in 2023, said in a post on X.
“I don’t manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.”
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