Binance freezes withdrawals as suspected hack traps $3 billion
What’s new: Bitcoin fell below $77,000 and Arkham-linked wallets tied to the suspected attacker held about $5.9 billion.
Binance halted deposits and withdrawals after a suspected hack triggered a broad crypto sell-off and left about $3 billion in assets frozen, with the exchange warning that figure could still rise. The company said it was conducting security checks, freezing funds and working with law enforcement, and pledged to cover customer losses. Blockchain tracker Arkham identified wallets associated with the suspected attacker holding roughly $5.9 billion in digital assets, though that does not necessarily equal the amount taken from Binance. Bitcoin dropped below $77,000, its lowest since September, as investors worried the breach could become the biggest publicly known crypto heist.