Binance Investigating Possibly Massive Hack

Binance security teams are urgently reviewing a suspected massive hack involving outflows of up to $5.8 billion. Following these reports, the Bitcoin price slid below $79,000. In response to the incident, Tether and Circle have frozen approximately $1.8 to $2.4 billion in stablecoins. The company continues to investigate all relevant information regarding the breach as the market reacts to the significant loss of funds and the subsequent freezing of assets by major stablecoin issuers.