The world’s largest crypto exchange, Binance, has paused all deposit and withdrawal operations after a security scare, with frozen assets topping $2.5 billion.

World’s Biggest Crypto Exchange Halts Transactions
Binance, the world’s largest cryptocurrency exchange, has temporarily suspended all deposits and withdrawals. The exchange made the announcement as concerns grew over a possible security breach on its platform.
Binance Explains the Pause
In an official statement, Binance said:
“As a precautionary measure, all deposit and withdrawal operations have been temporarily suspended while our team carries out security checks, freezes assets, and works with law enforcement agencies.”
Founder Confirms Apparent Hack
On Thursday, Binance founder Changpeng Zhao said the exchange appears to have suffered a hacker attack. He added that user funds remain safe despite the incident.
Over $2.5 Billion in Assets Frozen
Binance confirmed that the volume of assets frozen because of the security issue now exceeds $2.5 billion. Deposits and withdrawals remain suspended as the exchange investigates further.







