Binance said the incident had an estimated impact of $6.3 billion.

Around $3 billion in crypto assets have been frozen so far, according to Binance updates.

The exchange pledged to cover all losses and temporarily suspended withdrawals while improving withdrawal security.

An initial review pointed to a compromised DevOps engineer's laptop; Binance later said more breach points were found.

Two blockchain analytics firms attributed the incident to North Korea's TraderTraitor hacking unit.

💬 How should exchanges prove user funds are protected after a breach?

Source: The Guardian, The New York Times, BBC

Trading crypto from Dubai since 2019.

$ETH $BTC

#CryptoNews #Crypto #Binance