Tag: binance
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Crypto exchange Binance freezes assets after US$6.3 billion security breach
Beyond the potential loss of assets, the security breach was likely to have wider ramifications for crypto, which had already been under pressure lately due to higher US interest rates and softer demand from exchange-traded fund buyers, analysts said.
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Crypto exchange Binance freezes assets after $6.3 billion security breach
Oct 29 : Binance, the world’s largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets.Binance said it had worked with partners t
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Binance’s possible hack triggers $3 billion freeze in crypto assets
Oct 29 : Binance, the world’s largest cryptocurrency exchange, said on Thursday it had frozen $3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle and Tether freezing related assets.”Binance will cover all hacking losses,” Binance co-founder Yi He said, wi
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Crypto platform Binance confirms major hack, more than US$2.5 billion frozen
The company posted a series of sometimes contradictory messages on X, insisting that “user funds are completely safe” but also saying it would “cover all losses”.
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Binance says $2.54 billion in assets frozen as it probes security incident
Oct 29 : Binance, the world’s largest cryptocurrency exchange, said on Thursday that $2.54 billion in crypto assets had been frozen as it investigated a potential security breach, with stablecoin issuers Circle and Tether freezing related assets.”Binance will cover all hacking losses,” Binance co-founder Yi H
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Crypto companies freeze $2.5 billion on Binance platform amid fears of major hack
The platform suspended some trading while crypto companies froze billions in their respective currencies. The full extent of the possible hack was not yet clear.
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Tether, Circle freeze $2.38 billion after Binance reports security incident
Oct 29 : Circle and Tether on Thursday froze over $2.38 billion in stablecoin currency after Binance said it was actively investigating a potential security issue.Binance, the world’s largest cryptocurrency exchange, said in a post on X its teams were reviewing all relevant information with urgency and added
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EU questions Binance over continued operations despite wind-down order, FT reports
Oct 1 : EU officials are questioning Binance over its use of a legal exemption to continue serving customers in the region despite an order to wind down its business in the bloc, the Financial Times reported on Thursday, citing people familiar with the matter.Binance, the world’s largest cryptocurrency exchan
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Binance buys $100 million stake in Circle, expands partnership
Sept 22 : Circle said on Tuesday that Binance has purchased a $100 million stake in the stablecoin issuer, deepening the crypto exchange’s ties with the company behind USDC, a major dollar-pegged token.Circle shares were last up nearly 2 per cent in premarket trading. Here are more details: •
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Binance under US scrutiny over possible Iran sanctions violations, Bloomberg News reports
Sept 21 : US federal prosecutors are investigating whether Binance violated sanctions on Iran by failing to prevent certain trading activity on its platform, Bloomberg News reported on Monday, citing people familiar with the matter.Here are a few details: • The probe is being led by the Manhattan US
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