Crypto exchange Binance is investigating a 'potential security issue' after stablecoin issuers Circle and Tether froze a combined $2.54 billion in funds linked to the incident .
Key details:
- Binance states user funds are 'completely safe' and trading on Binance Alpha is temporarily suspended .
- Arkham Intelligence identified nearly $6 billion in digital assets across 55 wallets potentially linked to the exploit .
- This event highlights ongoing security risks in the crypto ecosystem, with past exploits exceeding $1.5 billion .
Binance ‘potential security issue’ sees $2.54 billion frozen by the likes of Circle, Tether
CNBC.COMOct 29, 11:56 PM UTC
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