To: TobagoJack who wrote (194383 ) 12/2/2022 8:57:39 PM From: Pogeu Mahone Respond to of 218055 How about the collapse of Binance!!!! That did not take long after CZ audited himself.Binance Coin holders returns via staking, crashed 99.5% Friday to trade at $1.51. Binance has frozen withdrawals of a crypto linked to its own token that looks like it's been hacked, CEO 'CZ' says Binance Coin holders returns via staking, crashed 99.5% Friday to trade at $1.51.-USD George Glover Fri, December 2, 2022 at 5:27 AM·1 min readIn this article: Binance has frozen withdrawals of an Ankr token that could have been targeted by hackers, CEO Changpeng Zhao said Friday.Eric PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images Binance froze withdrawals of a staked Ankr protocol token Friday. The exchange's chief executive Changpeng Zhao said the crypto could have been targeted by hackers.The Ankr coin's price crashed 99.5% in the past 24 hours, sparking fears of an attack. Binance said Friday that it will freeze withdrawals of a cryptocurrency that derives part of its value from a link to the exchange's own native Binance Coin token. Chief executive Changpeng Zhao said withdrawals of Ankr's Reward Bearing Staked BNB coin would be paused while Binance probed a potential attack by hackers. The token, which held around $123 million of assets and was intended to offer Binance Coin holders returns via staking, crashed 99.5% Friday to trade at $1.51. "Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one," 'CZ' said on Twitter . "Binance paused withdrawals a few hours ago." Binance has also frozen around $3 million that hackers moved to its centralized exchange, he added. Hackers have relentlessly targeted digital assets in 2022 with more than $3 billion wiped from the sector this year, according to Chainalysis. Binance's freezing of Ankr's token comes at a time when investors are worrying about contagion from the implosion of rival exchange FTX and a brutal crypto winter that has seen bitcoin's price fall 63% year-to-date, with the token trading at just under $17,000 at last check.Read more: Sam Bankman-Fried said he doesn't think he's criminally liable for FTX's implosion, but that his lawyers don't want him speaking publicly