Binance Says It Is Aware of Potential Security Incident, Probe Underway
Binance, the cryptocurrency exchange, said it has received reports of a potential security issue and is investigating. The statement was the exchange’s first official response after allegations of a hack surfaced.Binance said in a post on its official X account on October 29 that it was "aware of reports regarding a potential security issue" and was "actively investigating." Its security team is urgently reviewing the relevant information, it added.The exchange said it would provide updates promptly through official Binance channels once details are confirmed.Binance also urged users to be on alert for scams and not to trust unofficial links, messages or requests for account information.Earlier, Binance founder Changpeng Zhao, known as CZ, said "it appears Binance was hacked." In response, Tether and Circle reportedly froze about $971 million and $823 million, respectively.