NEW STRAITS TIMES · 2026-10-30 01:46 UTC

Binance's possible hack triggers US$3 billion freeze in crypto assets

Binance froze $3 billion in crypto assets after investigating a potential security breach, with stablecoin issuers Circle and Tether also freezing related assets totaling $1.57 billion and $800 million respectively. Bitcoin fell 2% to $77,646 and ether dropped 2% to $2,238.76; BNB token fell over 8% to $694, while Coinbase Global shares fell 4.8% in extended trading. Binance co-founder Yi He said the exchange would cover all hacking losses and is working with law enforcement and industry partners to trace additional stolen assets.

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