Binance Pauses Withdrawals to Complete Security Checks: What You Need to Know
Key Highlights: Binance suspended user withdrawals following an overnight cyberattack targeting one of its hot wallets. Initial unconfirmed estimates indicate that up to $5.7 billion in cryptocurrency assets may have been compromised during the security incident. Binance co-founder He Yi confirmed that withdrawal transactions will remain halted until the security environment is completely verified. Binance ...