A statement from Binance China reads: “We have noted reports regarding potential security issues, and the relevant team is currently conducting an active investigation.
“Rest assured, user funds are safe. Our security team is urgently verifying all relevant information.
“Once we have confirmed updates, we will promptly share the latest developments through official Binance channels.
“We urge all users to remain vigilant and guard against scams. Do not trust unofficial links, messages, or any requests for account information.”
In an update, the platform added: “Currently, approximately $823 million in USDC and $1.567 billion in USDT have been frozen.
“The incident is still under investigation, and we will continue to provide verified updates on the latest developments through official Binance channels.”
