AL JAZEERA · 2026-10-30 00:58 UTC

Binance says $2.54bn in crypto funds frozen amid 'potential security issue'

Binance froze $2.54bn in crypto funds due to a potential security issue and suspended all deposits and withdrawals as a precaution. Bitcoin price fell about 5% following the incident, dropping below $77,000. Founder Changpeng Zhao said the exchange appeared to have been targeted in a cyber heist and stated user funds would be fully covered.

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