Binance May Have Been Hacked as Binance and Circle Freeze Over $2.3B in Stablecoins Flash: Binance co-founder Changpeng Zhao (CZ) said the exchange was hacked, but user funds are safe. Kishir CEO Paolo Arduino said the company has frozen over 1.567 billion USDT related to the potential hack, while Circle CEO Jeremy Allaire said Circle has frozen more than 800 million USDC related to the incident in coordination with law enforcement. CZ thanked both companies and said that although he no longer manages Binance, he expects all user funds to be fully covered. Binance said it is actively investigating reports of a possible security issue and has confirmed that user funds are completely safe. Its security team is urgently investigating the situation and will provide updates on official channels after the information is verified. Binance also warned users to beware of scams, unofficial links, messages and requests for account details. - Link.