Statement of BlockShoals Technologies Inc. on the Binance Security Incident

Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Manila, Philippines — BlockShoals Technologies Inc. (BlockShoals) is aware of the security incident recently disclosed by Binance and the temporary suspension of deposits and withdrawals. According to Binance , it has taken immediate measures to contain the incident, secure affected assets, and investigate the matter in coordination with its blockchain partners and law enforcement authorities.