Investigation Update: The initial investigation indicated that the security incident may have been related to a compromised laptop; however, the subsequent investigation uncovered additional points of entry.
This was a sophisticated attack, and we are doing everything we can in cooperation with law enforcement to understand the situation. We are continuing to gather facts and will share more information as it becomes available.
Binance will cover all losses using the SAFU fund and company funds. User funds are safe.
We still plan to resume withdrawals within 45 hours, as previously anticipated. Deposits are unaffected.
The outflow of funds stopped when we previously suspended withdrawals. We continue to work with partners to freeze a significant portion of the affected assets and have already frozen around $3 billion to date.
We will continue to share updates through Binance’s official channels as new, confirmed information becomes available.
This was a sophisticated attack, and we are doing everything we can in cooperation with law enforcement to understand the situation. We are continuing to gather facts and will share more information as it becomes available.
Binance will cover all losses using the SAFU fund and company funds. User funds are safe.
We still plan to resume withdrawals within 45 hours, as previously anticipated. Deposits are unaffected.
The outflow of funds stopped when we previously suspended withdrawals. We continue to work with partners to freeze a significant portion of the affected assets and have already frozen around $3 billion to date.
We will continue to share updates through Binance’s official channels as new, confirmed information becomes available.
