Binance Freezes Over $2.5 Billion in User Funds

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Binance has announced that following a suspected hacking attack, the amount of frozen funds has exceeded $2.5 billion, currently standing at $2.54 billion, according to TASS.

The exchange also addressed the circulating figure of $1.8 billion, stating that the sum may increase as it collaborates with law enforcement, stablecoin issuers, and blockchain analysts, and only publishes verified data.

Binance has temporarily halted withdrawals and trading on Binance Alpha, insisting that user funds remain secure.