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Scott Melker: Binance says $2.54 billion linked to security incident is frozen

Scott Melker: Binance says $2.54 billion linked to security incident is frozen
Binance freezes $2.54 billion after incident

Binance has announced that $2.54 billion tied to its recent security incident is now frozen. The company also stated that the total amount involved may continue to increase, with some reports estimating the sum could be as high as $5.6 billion.

Scott Melker, owner and content creator, shared this update.

In previous updates, Scott Melker reported that validator support declines have delayed Ripple’s XRP Ledger lending code fix to November 4, according to recent market coverage. He also highlighted the launch of a tokenized share class by Aviva Investors for its £22B sterling fund on the XRP Ledger, as detailed in another report. These developments add context to his ongoing monitoring of major blockchain events.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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