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Binance CEO says paused withdrawals after Ankr hack

(Reuters) – Binance Chief Executive Officer Changpeng Zhao said on Friday that the cryptocurrency exchange has paused withdrawals after the possible attacks on Web 3 operator Ankr and Hay.

Binance event in Athens

(Reuters) – Binance Chief Executive Officer Changpeng Zhao said on Friday that the cryptocurrency exchange has paused withdrawals after the possible attacks on Web 3 operator Ankr and Hay.

“Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one.”, he tweeted.

(Reporting by Urvi Dugar in Bengaluru; Editing by Rashmi Aich)

By Reuters

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