Massive Binance Hack: $6.3 Billion Hit, $3 Billion Frozen
Summary
Binance reported a security breach affecting an estimated $6.3 billion in cryptocurrency, though the final loss remains unclear. It said about $3 billion had been frozen with help from blockchain partners and temporarily suspended deposits and withdrawals while conducting checks and coordinating with law enforcement. Preliminary findings point to a compromised DevOps engineer’s laptop that enabled unauthorized withdrawals through internal infrastructure; Binance said it had found no evidence of leaked wallet private keys. The exchange pledged to cover losses using its SAFU fund and company funds as investigators continue tracing assets.
