AssetID: 56115968
Headline: UNCAPTIONED: Binance Freezes $3 Billion in Crypto Assets Amid Suspected Hack
Caption: Binance Freezes $3 Billion in Crypto Assets Amid Suspected Hack. Binance has frozen $3 billion in cryptocurrency assets while investigating a potential security breach affecting operations. The exchange pledged to cover all hacking losses and said user funds remained safe during checks. Binance also suspended withdrawals and temporarily halted trading on its Alpha platform while conducting security checks. Tether froze nearly $1.57 billion linked to the incident, while Circle froze more than $800 million. Bitcoin and ether each fell around two percent, while Binance's BNB token dropped over eight percent. Analysts said it could become the largest crypto heist, but the cause had not been confirmed. Binance is working with authorities and industry partners to trace additional assets, meaning freezes could increase. Separate exchange Binance.US said it was unaffected, while Coinbase also reported no impact from the incident. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Binance,cryptocurrency,$3 billion asset freeze,suspected cyberattack,crypto exchange hack,security breach,Bitcoin,Ethereum,BNB token,Tether,Circle,stablecoins,suspended withdrawals,Binance Alpha,Binance.US,Coinbase
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