Cryptocurrency exchange Binance, the world’s largest cryptocurrency trading platform, has temporarily suspended all deposits and withdrawals following the detection of a suspicious security incident and the possible theft of billions of dollars in digital assets, Bloomberg reported.
According to the report, this decision was made after identifying unusual transfers from wallets associated with Binance and the possibility of hackers infiltrating the exchange’s security systems.
Binance has announced that the company’s security teams are investigating the matter and that the transaction suspension was aimed at conducting security checks, freezing suspicious assets, and cooperating with law enforcement agencies.
