Cryptocurrency prices fell sharply after Binance reported a potential security incident, putting Bitcoin, Ethereum and BNB under pressure while the scale of the damage remained uncertain.

According to Reuters, Bitcoin touched a six-week low of $77,646, while Ethereum fell to $2,238.76. BNB dropped more than 8% over 24 hours as concerns surrounding the exchange rattled the market.

Binance said it was investigating the incident. Associated Press reported that industry participants had frozen more than $2.5 billion in assets linked to the case. The exchange maintained that user funds were safe, although the extent of any losses had not yet been established.

Stolen funds and declining market value are different things. A fall in market capitalization does not mean an equivalent amount was stolen or withdrawn.…