In a series of posts, Yi He, Binance’s co-chief executive, thanked various cryptocurrency issuers for freezing the assets. “Safety first: withdrawals are currently disabled until the environment is confirmed to be secure,” she said. Two other major crypto platforms, Tether and Circle, said they have frozen a total of about $2.4bn of assets in response
Two major trading platforms — Binance and Polymarket — were investigating security incidents on Thursday, with the former facing potential losses in the billions. There’s no evidence the incidents were related. Binance, the world’s largest cryptocurrency exchange by trading volume, said it was actively investigating reports of a “potential security issue.” In an update late
