Binance flags 'potential security issue,' says approximately $6.3 billion impacted
Summary
Binance said it is investigating a potential security incident that it estimates affected about $6.3 billion. The company said user funds remain safe, some assets have been frozen, and deposits and withdrawals are temporarily suspended while it investigates.Key Facts
- Binance said its initial investigation points to a potentially compromised DevOps engineer’s laptop and unauthorized withdrawal transactions.
- The company said it found no evidence that wallet private keys were leaked and had not confirmed that funds were stolen.
- Binance reported that about $3 billion in affected assets had been frozen on-chain.
- Tether said it froze more than $1.5 billion in currency linked to the incident; Circle said it froze more than $800 million in coordination with law enforcement.
- Binance temporarily suspended deposits and withdrawals while conducting security checks and working with law enforcement.
- Bitcoin fell 3.2% Thursday evening to below $79,000.
- Changpeng Zhao, Binance’s founder and former CEO, said the incident appeared to be a hack and that he expected user funds to be covered.
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