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Reports Claim Binance Lost $5.5 Billion in Suspected Hack, Stablecoin Issuers Reportedly Froze Funds
(4 hours ago) · 1 source · Summarized by CryptoBipto
Reports indicate that Binance may have suffered a major security breach resulting in approximately $5.5 billion in losses. Tether and Circle have reportedly frozen around $1.8 billion in stablecoins connected to the suspected incident.
WHY IT MATTERS
A cryptocurrency exchange is like a bank where people store their digital money.
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SOURCES
- decrypt.co
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