On June 22, Binance CEO Richard Teng said in a social media post, "Binance is assisting Turkish cryptocurrency exchange BtcTurk in its investigation and has frozen over $5.30 million in stolen funds. Binance's investigation and security team is working around the clock and will provide further updates as needed." Previously, Turkish cryptocurrency trading platform BtcTurk announced that it has suffered a cyber attack and has suspended all cryptocurrency deposits and withdrawals.