Cryptocurrency exchange Binance has suspended all platform transactions while coordinating emergency asset freezes
The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday
Binance says user funds remain safe amid reports of a potential hack. The crypto exchange is investigating and warns users against scams and unofficial links.
Neither the company nor industry observers offered any explanation as to how the cyberattack might have occurred.
Cryptocurrency prices dropped on Friday after Binance froze over $2.5 billion in assets amid a potential security breach, while Bitcoin and other tokens hit multi-week lows.
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