Binance, a cryptocurrency exchange, is reportedly aiding in the investigation of a malicious attack on Turkish crypto exchange BtcTurk. Binance CEO Richard Teng revealed that over $5 million in stolen funds has been frozen. The attack targeted hot wallets, leaving cold wallets unaffected. Binance's proactive security measures aim to safeguard the ecosystem. Meanwhile, praise was given to Binance for its support during security incidents. BtcTurk's CEO has not commented on the issue. This incident follows Switzerland-based exchange Lykke's withdrawal halt due to an exploit. Allegations of hiding the breach were made against Lykke. BtcTurk has not responded to inquiries. The crypto community is urged to stay vigilant amidst such security threats. Read more AI-generated news on: https://app.chaingpt.org/news