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Binance Says 'All Funds Are Safe' as Crypto Traders Panic

Many worry the platform was hacked; others claim to have lost thousands of dollars.

By Lily Katz | Updated on March 07, 2018

Binance, one of the biggest cryptocurrency marketplaces by volume, is trying to calm angry customers who claim their digital coins were sold without their permission.

“All funds are safe,” wrote Zhao Changpeng, CEO of Asia-based Binance, in a tweet Wednesday. “There were irregularities in trading activity, automatic alarms triggered. Some accounts may have been compromised by phishing from before. We are still investigating.”

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