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World's Largest Crypto Exchange Binance Hit by Apparent Hacking, Sparking Withdrawal Warnings in Korea


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▲ Cryptocurrency exchange Binance

Amid signs that Binance, the world's largest cryptocurrency exchange, has suffered a massive hacking attack, domestic won-denominated crypto exchanges have issued consecutive warnings regarding withdrawals.

According to the cryptocurrency industry today (October 30), Upbit posted a notice titled "Notice Regarding Digital Asset Withdrawal Restrictions to Binance Exchange" at around 7:46 a.m. the same day.

Upbit stated that security incidents and signs of certain cryptocurrency thefts have been confirmed at Binance, advising users to exercise extreme caution when withdrawing digital assets to Binance.

The exchange added that it is continuously monitoring the situation and may restrict digital asset withdrawals to Binance if necessary for investor protection.

It also noted that it will actively cooperate with Binance to prevent the spread of damage and protect user assets, and that it will respond according to procedures if requests for cooperation, such as asset freezing, are received.

Following Upbit's notice, Bithumb, Coinone, and DigitalX also posted consecutive notices warning against withdrawals to Binance.

Binance announced on its social media account earlier in the day that it is currently undergoing procedures to resolve the issue, and that it is temporarily suspending all deposits and withdrawals as a precautionary measure.

(Photo: Getty Images)

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Lee Seong-hoon View More Articles
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