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Binance Hack Reportedly Drained Wallets Backing Customer Assets
(2 hours ago) · 1 source · Summarized by CryptoBipto
Reserve data reportedly shows that a hack on Binance drained wallets that were backing customer assets. The extent of the losses and the full impact on customer funds remain under scrutiny. Details are still emerging about how the breach occurred and what recovery measures are being taken.
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Cryptocurrency exchanges are platforms where people buy, sell, and store digital assets.
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SOURCES
- coindesk.com
RELATED
Exchange SecurityBinanceProof of ReservesCustomer FundsCrypto Hacks
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