Binance Co-CEO Richard Teng just broke down the incident. Key Takeaways: ๐ It was a highly sophisticated multi month campaign. All entry points are closed, affected systems rebuilt, and security tightened with stronger device controls, wallet risk checks, and expanded AI anomaly detection.
Users did not lose money. Binance is covering the full amount. 98% of impacted assets are already replenished. You can verify balances on Proof of Reserve.
Roughly $2.85B has been frozen or intercepted so far with law enforcement and partners. Binance also stopped 57 other suspected North Korea linked threats this year.
AI is speeding up attacks. The only defense that scales is AI at the same speed. I think Binance is putting users first, and the transparency around what happened is helping rebuild trust across the space. TBH, I never once worried about my own funds, even in the middle of one of the biggest attacks crypto has seen.
#BinanceReopensWithdrawalsForMoreAssets
Users did not lose money. Binance is covering the full amount. 98% of impacted assets are already replenished. You can verify balances on Proof of Reserve.
Roughly $2.85B has been frozen or intercepted so far with law enforcement and partners. Binance also stopped 57 other suspected North Korea linked threats this year.
AI is speeding up attacks. The only defense that scales is AI at the same speed. I think Binance is putting users first, and the transparency around what happened is helping rebuild trust across the space. TBH, I never once worried about my own funds, even in the middle of one of the biggest attacks crypto has seen.
#BinanceReopensWithdrawalsForMoreAssets
