ChainCatcher news, Binance CEO Richard Teng posted on social media stating, "Binance is assisting the Turkish cryptocurrency exchange BtcTurk with an investigation and has frozen over $5.3 million of stolen funds.Binance's investigation and security teams are working around the clock and will provide further updates as necessary."Previously, the Turkish cryptocurrency exchange BtcTurk announced that the platform had suffered a cyber attack and has suspended all cryptocurrency deposit and withdrawal operations.

ChainCatcher news, one of Turkey's largest cryptocurrency exchanges, BtcTurk, announced that its platform was attacked on June 22.It is reported that the attack affected the hot wallet balances of 10 cryptocurrencies, but most assets are stored in secure cold wallets. BtcTurk stated that its financial situation is sufficient to cover the losses, and user assets will not be affected.Currently, BtcTurk has suspended all cryptocurrency deposit and withdrawal operations, and the team is conducting a detailed investigation.