The world’s largest crypto exchange has committed $1 billion worth of Binance U.S. Dollar (BUSD) to its crypto industry recovery fund.
On Thursday, Binance announced the official launch of its industry recovery initiative, sharing a link to the fund’s wallet address, which holds over $1 billion in BUSD.
Canadian crypto exchange Coinsquare suffered a data breach, though assets and passwords were kept safe, CoinDesk first reported.
On Friday, Coinsquare sent an email to its customers to report a “data incident,” in which it said that an authorized third party had gained access to the platform’s database, which contains customer information.
According to the email, the data breach exposed “customer names, email addresses, residential addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances.” However, Coinsquare said that no passwords were revealed and all funds were safe.
As Coinsquare communicated the breach with its clients, the platform was suffering a “network issue,” but the team was able to restore all functionalities later that day.
Even though the email to customers was sent on Friday, the incident happened almost a week ago. On Nov. 19, Coinsquare reported “unusual activity,” after which the company temporarily paused all trading, deposits, and withdrawals.
CoinDesk asked for comment from Coinsquare but has not yet received a response.
