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CZ stated that Binance was allegedly hacked, Tether and Circle have frozen over $2.3 billion in stablecoins, and Binance has suspended Alpha trading.
Binance co-founder Changpeng Zhao (CZ) stated that Binance has allegedly suffered a hack, but user funds are safe. Tether CEO Paolo Ardoino said that over 1.567 billion USDT related to the potential attack have been frozen, while Circle CEO Jeremy Allaire stated that over 800 million USDC have been frozen in coordination with law enforcement, totaling over $2.3 billion in frozen funds. CZ thanked both companies and expects all user funds to be fully covered. Binance is actively investigating and has temporarily suspended Binance Alpha trading, including token purchases and instant trades using spot wallet funds. Withdrawals will resume once security issues are resolved.
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