Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 6 hours
Top Stories
- Binance halts withdrawals following suspected hack draining hot wallets
Binance paused withdrawals after a suspected hack drained billions of dollars from its hot wallets. The cryptocurrency exchange stated on X at 22:15 UTC on October 29 that withdrawals will resume only when the security issue is fully resolved.
- Tether, Circle and Ripple freeze over 2.5 billion dollars linked to Binance hack
Stablecoin issuers Tether, Circle and Ripple moved to freeze more than 2.5 billion dollars in assets connected to the suspected Binance hack. Binance acknowledged reports of a potential security incident and stated its teams were investigating.
Since the last briefing
- · 2 new major stories
- · Crypto remains the most-covered topic