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Potential Binance ‘hack’ forces crypto firms to freeze $3 billion

The Hill·October 30, 2026·1 min read
Potential Binance ‘hack’ forces crypto firms to freeze $3 billion

A suspected hack at Binance prompted cryptocurrency firms to freeze about $3 billion in assets, the company said Thursday. The exchange, describing it as a "security issue," suspended deposits and withdrawals while conducting security checks, freezing funds, and working with law enforcement. Binance vowed to cover all losses.

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