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Breaking News United States Technology 2 publications in 2 countries 1 min read

Binance Suspends Withdrawals After Suspected Hack

Bloomberg Markets's headline. Reported by Bloomberg Markets, DW News.

File picture: CEphoto, Uwe Aranas via Wikimedia Commons, CC BY-SA 3.0

What the sources say, in brief

According to Bloomberg Markets, Binance suspended all deposits and withdrawals while it investigates a security incident that has resulted in the freezing of more than $2.5 billion in assets. DW News reported that the platform suspended some trading while crypto companies froze billions in their respective currencies, and said the full extent of the possible hack was not yet clear. The two sources differ on the scope of the suspension, with Bloomberg describing a halt to all deposits and withdrawals and DW describing a suspension of some trading.

Key points

  • Bloomberg Markets reported Binance suspended all deposits and withdrawals while it investigates a security incident.
  • Bloomberg Markets said the security incident has resulted in the freezing of more than $2.5 billion in assets.
  • DW News reported the platform suspended some trading amid a suspected hack.
  • DW News said the full extent of the possible hack was not yet clear.

Sources differ: Bloomberg Markets says Binance suspended all deposits and withdrawals, while DW News says it suspended some trading.

Generated from the headlines and excerpts below and checked automatically: any number or name not present in the sources rejects the summary, and each bullet is checked the same way. Version 1.

Who is covering it

  1. Bloomberg Markets United States Binance Suspends Withdrawals After Suspected Hack Binance suspended all deposits and withdrawals as it investigates a security incident that has resulted in the freezing of more than $2.5 billion in assets. Bloomberg's Suvashree Ghosh breaks down the news. (Source: Bloomberg) 13 h ago · Tier 1
  2. DW News Germany Binance crypto exchange suspends trades over North Korea-linked hack Crypto platform Binance has suspended trading following a suspected hack now linked to North Korea. The disruption has left users unable to trade on the cryptocurrency platform while the suspected breach is investigated. 14 h ago · Tier 2

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

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