Circle Internet Group and Tether froze roughly $1.8 billion worth of funds tied to a potential hack on cryptocurrency exchange Binance. The world's largest crypto exchange by daily trading volumes has not explicitly confirmed that it has suffered an exploit as of writing time. In a social media post, the company said it was investigating "a potential security issue" on its trading platform. "Our teams are aware of reports of a potential security issue and are actively investigating," a Binance spokesperson said in a statement. "Rest assured that user funds are completely safe. 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.
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