Binance freezes $2.54-billion in assets as it probes security incident

AI Summary

Binance has frozen $2.54 billion in assets while investigating a security incident and tracing funds. The company is coordinating with law enforcement, token issuers, blockchain intelligence firms, and other partners, and says the amount frozen could rise.

Amount frozen could increase as company works with law enforcement agencies, token issuers, blockchain intelligence firms and other industry partners to trace and freeze additional assets