Binance pauses withdrawals as hackers suspected of stealing billions in crypto

Binance has confirmed to TechCrunch that it is dealing with a security incident as users reported that funds were being drained from the crypto exchange’s wallets. The world’s largest cryptocurrency exchange said in an emailed statement to TechCrunch that it is “aware of reports of a potential security issue and are actively investigating.” “Rest assured that user funds are completely safe,” Binance said in a statement. “Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information,” the statement added.