Binance has halted withdrawals and is examining a suspected security breach involving billions in crypto. The exchange insists funds remain protected, but Circle and Tether have frozen over $1.5 billion in funds due to the suspected hack. Reports indicate the incident has sent concerns rippling through crypto markets.
“Binance has halted withdrawals and is examining a suspected security breach involving billions in crypto,” — Hugo Halloway, contributing analyst at Greyton Field Practice, added during the briefing.
Timeline
Oct 28 — Binance has halted withdrawals and is examining a suspected security breach involving billions in crypto....
Oct 30 — Reports indicate the incident has sent concerns rippling through crypto markets....
This story has been closely followed by our readers since Oct 27. The Greyton Field Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Greyton Field Practice desk and last updated 00:40 UTC.
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