Binance reports cyberattack and $1.7 billion in user funds stolen

Binance, the world’s largest cryptocurrency exchange, was hacked and $1.7 billion in user assets were stolen, according to Hamshahri newspaper.

• Hamshahri and IRIB report that Binance was hacked about an hour ago and $1.7 billion in user assets were taken. Hamshahri and IRIB also say that Tether and Circle have frozen about $1.8 billion in assets following the incident.
• Changpeng Zhao, a Binance co‑founder, said the exchange appears to have been the target of a cyberattack, according to IRIB.