AP · 2026-10-29 23:32 UTC

Cryptocurrency exchange Binance says it's investigating reports of a potential security incident

Binance is investigating reports of a potential security incident; founder acknowledged it 'does look like a hack on Binance.' Stablecoin issuers Tether and Circle froze funds Thursday evening - Circle froze $800 million and Tether froze $1.5 billion in response. Bitcoin price dropped 3.2% Thursday to under $79,000; Binance stated user funds are 'completely safe' while security teams review the incident.

Loading the story on Tree News…