Binance Investigates Security Reports as Tether and Circle Freeze Funds

Binance is investigating reports of a potential security issue after Tether and Circle announced freezes of tokens they linked to a possible exploit; Binance has not confirmed any effect on user funds. At 4:24 p.m. ET (20:24 UTC) Oct. 29, 167,464.25 Ether (ETH) and 1,615,409,498.97 Tether (USDT), among other tokens, moved from a wallet labeled “Binance 14” to another address. The label does not establish who authorized the transaction. Binance said at 5:16 p.m.