The key facts
- Binance has temporarily suspended deposits and withdrawals for security checks
- Changpeng Zhao suggested a cyberattack after reports of assets worth billions of dollars being withdrawn
- The exchange is blocking suspicious assets and cooperating with law enforcement agencies
The exchange has halted operations
Binance, the world's largest cryptocurrency exchange, has temporarily closed the ability to deposit funds into accounts and withdraw them. The decision was made while security checks are carried out, following reports of a possible hacker attack, reports Life.ru. 'As a precautionary measure, all deposit and withdrawal operations have been temporarily suspended while our team conducts security checks,' the exchange's representatives said.
What is known about the possible attack
The measures were prompted by reports of digital assets worth billions of dollars being withdrawn. The exchange's founder, Changpeng Zhao, said a cyberattack on the platform was likely. According to the estimate cited in the publication, a leak of $5.7 billion from Binance would be the largest in history. At the same time, the exchange itself assured that users' funds are safe.
The exchange's actions
Specialists at the platform are currently blocking suspicious assets and cooperating with law enforcement agencies. The event was also reported on the exchange's official channel. At the time of publication, it remained unknown whether the theft of funds had been confirmed and when Binance would resume deposits and withdrawals — these questions were not addressed in the announcements.
