Binance breach not a one-click attack, Teng says as withdrawals stay paused

Binance CEO Richard Teng said the exchange breach was not a simple one-click attack, as withdrawals stay paused while deposits continue normally. Binance reports roughly $3 billion in affected assets has been frozen onchain. Traders are watching for withdrawal resumption and any sign of further losses, since a major exchange outage and a multi-billion-dollar incident weigh on confidence in centralized platforms and BNB.