The post Binance Experiences 5,000 BTC Withdrawal in One Minute after Security Rumors! appeared first on Coinpedia Fintech News

Cryptocurrency exchange Binance faced a major scare as investors withdrew over 5,000 Bitcoin in just one minute amid rumors of a hack. The incident highlights the importance investors place on security in the volatile world of cryptocurrencies. However, Binance’s CEO, Changpeng Zhao, quickly dismissed the rumors as mere ‘fear, uncertainty, and doubt’ tactics. In the face of such incidents, the cryptocurrency market continues to be a risky but rewarding investment arena.