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Binance announced on Thursday that it had suffered a major cyberattack, freezing assets worth more than $2.5 billion and suspending trading in some of its products, while assuring users that their funds were safe. Tether froze about $1.6 billion in assets linked to the incident, while Circle froze more than $800 million in USDC. Bitcoin fell by more than 3% amid concerns that the hack could undermine investor confidence and the stability of the digital-asset market.
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