#binanceofficialstatement
binanceofficialstatement
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Latest
Finally!
Binance CEO Richard Teng
Officially revealed the full incident.
What exactly happened last night?
How did this security incident happen?
How safe is customer money?
What happened in Binanceโs major security incident and what did Binance say?
1. How did the attack happen?
According to Binanceโs initial investigation,
the incident may have started with a compromise of a DevOps Engineerโs laptop.
The attacker then accessed a service container and submitted a withdrawal transaction without permission.
Binance said that this was not a simple one-click attack. Rather, it occurred through a complex process in several steps.
2. Is customer money safe?
Binance said that any loss of customer money will be fully compensated from the SAFU Fund and the companyโs own funds.
3. How much was the total dollar loss?
According to Binance,
an estimated $6.3 Billion worth of money is affected by this incident.
Of this, approximately $3 Billion worth of funds have been frozen on-chain with the help of Blockchain Partners.
4. Has the Wallet Private Key been leaked?
Binance said that so far, no evidence of a Wallet Private Key leak has been found.
5. What is the status of deposits and withdrawals?
Deposit operations are normal.
However, withdrawals have been temporarily suspended to further strengthen the security system.
6. What steps has Binance taken?
- Authorization of the affected address has been canceled.
- Withdrawal Security System Update.
- Contact with Law Enforcement.
- Attempts to identify and recover funds with the help of Blockchain Partners.
7. What will Binance do next?
Binance will publish a detailed Technical Post-mortem once the investigation is complete.
It will also publish an Updated Proof of Reserves after Security Remediation.
Final word:
Binance said that any loss of customer funds will be covered by the SAFU Fund and the company's own funds.
Now we await the final report of the investigation
and the next official update from Binance.
Source: #BinanceOfficialStatement
$BNB
Finally!
Binance CEO Richard Teng
Officially revealed the full incident.
What exactly happened last night?
How did this security incident happen?
How safe is customer money?
What happened in Binanceโs major security incident and what did Binance say?
1. How did the attack happen?
According to Binanceโs initial investigation,
the incident may have started with a compromise of a DevOps Engineerโs laptop.
The attacker then accessed a service container and submitted a withdrawal transaction without permission.
Binance said that this was not a simple one-click attack. Rather, it occurred through a complex process in several steps.
2. Is customer money safe?
Binance said that any loss of customer money will be fully compensated from the SAFU Fund and the companyโs own funds.
3. How much was the total dollar loss?
According to Binance,
an estimated $6.3 Billion worth of money is affected by this incident.
Of this, approximately $3 Billion worth of funds have been frozen on-chain with the help of Blockchain Partners.
4. Has the Wallet Private Key been leaked?
Binance said that so far, no evidence of a Wallet Private Key leak has been found.
5. What is the status of deposits and withdrawals?
Deposit operations are normal.
However, withdrawals have been temporarily suspended to further strengthen the security system.
6. What steps has Binance taken?
- Authorization of the affected address has been canceled.
- Withdrawal Security System Update.
- Contact with Law Enforcement.
- Attempts to identify and recover funds with the help of Blockchain Partners.
7. What will Binance do next?
Binance will publish a detailed Technical Post-mortem once the investigation is complete.
It will also publish an Updated Proof of Reserves after Security Remediation.
Final word:
Binance said that any loss of customer funds will be covered by the SAFU Fund and the company's own funds.
Now we await the final report of the investigation
and the next official update from Binance.
Source: #BinanceOfficialStatement
$BNB
Binance CEO Richard Teng
Officially revealed the full incident.
What exactly happened last night?
How did this security incident happen?
How safe is customer money?
What happened in Binanceโs major security incident and what did Binance say?
1. How did the attack happen?
According to Binanceโs initial investigation,
the incident may have started with a compromise of a DevOps Engineerโs laptop.
The attacker then accessed a service container and submitted a withdrawal transaction without permission.
Binance said that this was not a simple one-click attack. Rather, it occurred through a complex process in several steps.
2. Is customer money safe?
Binance said that any loss of customer money will be fully compensated from the SAFU Fund and the companyโs own funds.
3. How much was the total dollar loss?
According to Binance,
an estimated $6.3 Billion worth of money is affected by this incident.
Of this, approximately $3 Billion worth of funds have been frozen on-chain with the help of Blockchain Partners.
4. Has the Wallet Private Key been leaked?
Binance said that so far, no evidence of a Wallet Private Key leak has been found.
5. What is the status of deposits and withdrawals?
Deposit operations are normal.
However, withdrawals have been temporarily suspended to further strengthen the security system.
6. What steps has Binance taken?
- Authorization of the affected address has been canceled.
- Withdrawal Security System Update.
- Contact with Law Enforcement.
- Attempts to identify and recover funds with the help of Blockchain Partners.
7. What will Binance do next?
Binance will publish a detailed Technical Post-mortem once the investigation is complete.
It will also publish an Updated Proof of Reserves after Security Remediation.
Final word:
Binance said that any loss of customer funds will be covered by the SAFU Fund and the company's own funds.
Now we await the final report of the investigation
and the next official update from Binance.
Source: #BinanceOfficialStatement
$BNB
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