Binance Probes Security Issue as $2.38 Billion Is Frozen
Binance, the world's largest cryptocurrency exchange, is probing a security issue, and reports ask whether it was hacked. Tether and Circle have frozen $2.38 billion in funds. Binance.US, a separate cryptocurrency exchange, said it was not affected by the security incident.
Context
Context: Binance is one of the largest crypto exchanges, where people buy and sell digital coins. Tether and Circle issue stablecoins, and they can freeze those tokens, which often happens after a suspected hack.
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