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Multi-Billion Binance Hack Hitting Crypto Markets
Binance is investigating a potential hack after a significant amount of cryptocurrency, estimated to be over $2 billion, was moved from one of its wallets. The company confirmed its teams are actively looking into the reported security issue. Binance founder CZ stated that user funds are safe and will be fully covered. He also noted that Tether and Circle quickly froze a substantial portion of the transferred funds.