Several industry observers said hackers had managed to reach the platform hours before Binance confirmed the hack. (Unsplash pic)NEW YORK: Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack that had resulted in the freezing of more than US$2.5 billion in an effort to prevent them from being stolen.
The company -- the world's largest crypto exchange by daily trading volumes -- said it had suspended trading on certain products.
Several experts said it looked like a massive amount of assets had been stolen.
"It does look like a hack on Binance," said former Binance chief Changpeng Zhao, who no longer runs the group but remains a majority shareholder.
