The key facts
- Binance confirmed the freezing of crypto assets worth about three billion dollars — previously the figure was 2.5 billion
- The possible cyberattack was reported by the exchange’s founder Changpeng Zhao
- The alleged leak was estimated at about 5.7 billion dollars, while the company assured that clients’ funds were safe
The amount of frozen funds has grown to three billion dollars
The cryptocurrency exchange Binance reported that the volume of funds blocked due to security threats has reached approximately three billion dollars. Earlier, the company spoke of freezing more than 2.5 billion dollars in digital assets. “The total confirmed amount of frozen funds now stands at about three billion dollars”, the platform said in a statement. Thus, in a short period, the blocked amount grew by roughly half a billion dollars.
What is known about the possible attack
The possible cyberattack on the exchange was previously reported by its founder Changpeng Zhao. The concern was prompted by reports of digital assets being withdrawn worth billions of dollars. At the same time, Binance representatives assured that users’ funds remain safe. According to estimates cited in Life.ru publications, the alleged leak of about 5.7 billion dollars could become the largest in history. The final scale of what happened and the confirmed amount of losses have not yet been stated.
