Binance investigates a suspected hack as stablecoin freezes are reported

Binance reportedly halted deposits and withdrawals while investigating a suspected security incident; CZ said it appeared to be a hack and assured users would be covered, but the exchange has not confirmed the incident’s scope or losses in the reports reviewed. Tether and Circle reportedly froze substantial stablecoin amounts as funds moved through DeFi, but reported transfers, wallet balances, and loss estimates remain unverified as stolen-fund totals.