Binance Confirms Major Hack; Over $2.5 Billion Frozen
Binance has confirmed a major hack on its crypto exchange, and more than $2.5 billion has been frozen. Industry observers said hackers appeared to have reached the platform for several hours before the company made the attack public. Users are watching closely for how their funds will be affected.
Context
Context: Binance is one of the biggest cryptocurrency exchanges, where people buy and sell digital coins. Hacks on such platforms have often led to frozen funds and long recovery efforts, so readers should watch for official updates on who is affected.
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