Binance Confirms US$6.3 Billion Security Breach, Says User Funds Are Safe
Cryptocurrency exchange Binance has confirmed a major security incident that could have affected approximately US$6.3 billion (~RM25.5 billion) worth of digital assets. However, this figure is an estimate and should not be taken as the confirmed amount stolen. The exchange has yet to disclose a full breakdown of the affected assets or the final extent […] The post Binance Confirms US$6.3 Billion…
Binance, the world's largest cryptocurrency exchange, has confirmed a significant security breach that may have affected around US$6.3 billion worth of digital assets. The exchange attributes the incident to a compromised laptop belonging to a DevOps engineer, which enabled an attacker to submit unauthorized withdrawal transactions.
However, Binance has not disclosed the full breakdown of the affected assets or the final extent of the losses and is still conducting an ongoing investigation. In response to the breach, Binance has frozen approximately US$3 billion worth of affected assets on-chain and temporarily suspended deposits and withdrawals. The exchange will cover all losses through its SAFU fund and corporate reserves and is working with blockchain intelligence partners and law enforcement agencies to trace and recover the remaining assets.
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Also reported by 3 other outlets
- Binance estimates $6.3 billion impact from security breach thearabianpost.com
- Binance Suffers Security Breach Affecting $6.3 Billion in Assets, Nearly $3 Billion Frozen thehackernews.com
- Estimated $6.3 Billion Hacked in Binance Security Breach bloomberg.com
