$BNB 【A visual timeline explaining the Binance hack】
For those who still don't fully understand what happened, the infographic and additional information should make things clear.
Additional information:
Compensation: CZ said that users' funds will be fully reimbursed, covered by the SAFU Fund and the company's own funds. Withdrawals are expected to resume within about 48 hours (the official statement says "after security checks are completed"; no exact schedule has been provided).
Attribution: TRM Labs and Pangolin point to a North Korea-linked group (Lazarus/TraderTraitor), saying the method is highly similar to the February 2025 Bybit case involving $1.5 billion; however, Elliptic and Chainalysis have not yet made a formal attribution.
Recovery of stolen funds: Stablecoins can be frozen by their issuers, but returning them requires legal proceedings (a court order / seizure warrant), which may take months or even years. BTC/ETH have no centralized issuer and cannot be frozen directly; only their movement can be tracked. Binance has promised to publish a full technical postmortem report after the investigation is complete.
$BTC $ETH
#币安被盗
For those who still don't fully understand what happened, the infographic and additional information should make things clear.
Additional information:
Compensation: CZ said that users' funds will be fully reimbursed, covered by the SAFU Fund and the company's own funds. Withdrawals are expected to resume within about 48 hours (the official statement says "after security checks are completed"; no exact schedule has been provided).
Attribution: TRM Labs and Pangolin point to a North Korea-linked group (Lazarus/TraderTraitor), saying the method is highly similar to the February 2025 Bybit case involving $1.5 billion; however, Elliptic and Chainalysis have not yet made a formal attribution.
Recovery of stolen funds: Stablecoins can be frozen by their issuers, but returning them requires legal proceedings (a court order / seizure warrant), which may take months or even years. BTC/ETH have no centralized issuer and cannot be frozen directly; only their movement can be tracked. Binance has promised to publish a full technical postmortem report after the investigation is complete.
$BTC $ETH
#币安被盗
