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Fears of Binance hack freeze $1.5 billion in stablecoins

Original: binance

Fears of a possible hack at Binance, the world's largest crypto exchange, have prompted stablecoin issuers Tether and Circle to freeze more than $1.5 billion in funds. The move, reported by NBC News, is a precaution to block potentially stolen assets from moving through their tokens. The exchange is trending across the US, UK, Germany, France, Spain and Latin America as crypto traders watch for confirmation of the incident.

Why now: Reports of a potential Binance hack and the freezing of $1.5 billion in stablecoin funds are driving global searches.

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