DWNEWS · 2026-10-30 00:57 UTC

Binance crypto platform suspends trades amid suspected hack

Binance, the world's largest crypto platform by trading volume, confirmed it is investigating a suspected security breach on Thursday. Tether froze $1.6 billion in USDT and Circle froze $800 million in USDC in response; the full extent of the possible hack remains unclear. Bitcoin dropped 3.2% to below $79,000 following the news; Binance stated user funds are completely safe.

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