On October 29, Binance announced it is investigating potential security issues. According to crypto media outlet The Block, suspicious fund transfers worth up to $5.8 billion (approximately ¥900 billion) have been reported.
According to an AP report dated the same day, Binance temporarily halted cryptocurrency deposits and withdrawals for security verification. The company stated that customer assets are "completely safe."
Tether and Circle, issuers of cryptocurrencies, also announced their responses. Both companies froze assets believed to be related to the issue, and according to Binance, as of the evening of October 29, the total frozen amount reached $2.54 billion (approximately ¥390 billion).
At this stage, it is still unknown whether cryptocurrencies were stolen, and the scale of the damage or the cause remains unclear.
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