Binance freezes $2.5 billion following major cyberattack

Photo by Rafael Minguet Delgado on Pexels
Cryptocurrency exchange Binance halted all fund deposits and withdrawals on Thursday following a significant cyberattack that compromised the platform's security. The attack, estimated to have resulted in losses totaling $6.3 billion, marks one of the largest security breaches in the crypto industry to date.In response to the attack, Binance announced it had temporarily frozen $2.5 billion as a preventive measure to mitigate the damage. The company stated the freeze involved funds covered by...
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