Binance expects to resume withdrawals within 45 hours; approximately $3 billion in assets frozen
Binance issued an investigation update, saying preliminary findings suggest the security incident may have involved a compromised laptop, while subsequent investigations uncovered additional points of compromise. Binance said this was a sophisticated attack and that it is coordinating with law enforcement while continuing to gather facts. It will share more information directly as it becomes available. Binance will cover all losses using its SAFU fund and corporate funds, and said user funds are safe. Binance still expects to resume withdrawal services within 45 hours; deposits are unaffected. Following the earlier suspension of withdrawals, the outflow of funds has stopped. Binance is working with partners to freeze the affected assets and has frozen approximately $3 billion so far. It will provide further updates through its official channels.
Binance issued an investigation update, saying preliminary findings suggest the security incident may have involved a compromised laptop, while subsequent investigations uncovered additional points of compromise. Binance said this was a sophisticated attack and that it is coordinating with law enforcement while continuing to gather facts. It will share more information directly as it becomes available. Binance will cover all losses using its SAFU fund and corporate funds, and said user funds are safe. Binance still expects to resume withdrawal services within 45 hours; deposits are unaffected. Following the earlier suspension of withdrawals, the outflow of funds has stopped. Binance is working with partners to freeze the affected assets and has frozen approximately $3 billion so far. It will provide further updates through its official channels.