Binance investigating potential security issue, freezes deposits and withdrawals

“Binance investigating potential security issue, freezes deposits and withdrawals”

Binance , the world’s largest cryptocurrency exchange , said on Thursday that it has temporarily suspended all deposits and withdrawals as it looks into a potential security incident. In a series of social media posts, the company said it was working "around the clock" and that it will eventually "share a full post-mortem" as it works with law enforcement. " Binance will cover all losses," one of the posts on X said. A subsequent update from the company said that "the current verified total…