🔥Hot off the press! Binance is playing Sherlock Holmes🕵️‍♂️, aiding in the investigation of a malicious attack on Turkish crypto exchange BtcTurk. Over $5M frozen in stolen funds, says Binance CEO Richard Teng. #DeFi #Web3 #TechNews

Hot wallets, the usual suspects, were the primary targets. While they make transactions as easy as a hot knife through butter, they're also more susceptible to cyberattacks than their cold storage counterparts.

"Only a portion of 10 cryptocurrencies in our hot wallets were affected, the rest in cold storage are as safe as a polar bear in a snowstorm," says BtcTurk. #CryptoSecurity

Binance's community support during security breaches is like a superhero without a cape. Blockchain investigator ZackXBT says, "Binance gets crucified by the media, but their security team is the real MVP." #BinanceHeroes

This incident follows another where Swiss-based crypto exchange Lykke halted withdrawals after an exploit. Is this the start of a crypto crime wave or just a blip on the radar? Let's discuss in the comments! #CryptoChat 😎👇