World’s largest crypto exchange investigating reports of potential hack

Binance, the world's largest cryptocurrency exchange, is investigating reports of a potential security breach. The founder stated the incident appears to be a hack, although the full extent of damages remains unknown. In response, stablecoin issuers quickly froze $2.54 billion in assets on Thursday evening. Following these reports, Bitcoin fell below $79,000 as concerns grew regarding the financial impact of the suspected hack and the overall security of the exchange's funds.