Binance Temporarily Suspends Withdrawals After Major Cyberattack

Cryptocurrency exchange Binance has paused withdrawals following a significant cyberattack resulting in a reported $6.3 billion loss. Co-founder Changpeng Zhao has reassured users about the safety of their funds, and co-founder Yi He stated that withdrawal services are anticipated to resume within 48 hours. This incident highlights ongoing security challenges in the digital asset sector.