🚨 Summary of the latest developments in the Binance incident
The picture is clearer now, but the investigation is still ongoing.
Binance says the incident’s total impact is estimated at around $6.3 billion, and approximately $3 billion in assets linked to the incident have been frozen so far, in cooperation with organizations and companies in the blockchain sector.
According to the initial investigation, the attack may have started after a mobile device belonging to a DevOps engineer was compromised, with additional entry points later emerging along the attack path.
The relatively reassuring point: Binance says it has found no evidence so far that wallet private keys were compromised.
As for services:
• Deposits are operating normally, according to the latest update.
• Withdrawals remain temporarily suspended while the withdrawal system and associated addresses are secured again.
• Binance expects withdrawals to resume within about 48 hours, pending official confirmation of the timing.
• The platform says users will not bear the losses, and that it will cover them using the SAFU fund and company funds.
In another development, blockchain analytics firms such as TRM Labs and Chainalysis have linked the attack to entities associated with North Korea, but this remains an assessment by analytics firms and not a final announcement by Binance about the attackers’ identity.
The picture is clearer now, but the investigation is still ongoing.
Binance says the incident’s total impact is estimated at around $6.3 billion, and approximately $3 billion in assets linked to the incident have been frozen so far, in cooperation with organizations and companies in the blockchain sector.
According to the initial investigation, the attack may have started after a mobile device belonging to a DevOps engineer was compromised, with additional entry points later emerging along the attack path.
The relatively reassuring point: Binance says it has found no evidence so far that wallet private keys were compromised.
As for services:
• Deposits are operating normally, according to the latest update.
• Withdrawals remain temporarily suspended while the withdrawal system and associated addresses are secured again.
• Binance expects withdrawals to resume within about 48 hours, pending official confirmation of the timing.
• The platform says users will not bear the losses, and that it will cover them using the SAFU fund and company funds.
In another development, blockchain analytics firms such as TRM Labs and Chainalysis have linked the attack to entities associated with North Korea, but this remains an assessment by analytics firms and not a final announcement by Binance about the attackers’ identity.