🚹 Binance confirms a $6.3 billion security incident, with $3 billion already frozen on-chain.

Here are the key updates from Binance’s October 30 announcements:

💰 Estimated impact: $6.3B

Binance says approximately $3 billion in affected assets has been frozen with help from blockchain partners.

đŸ›Ąïž User funds and compensation

Binance says user funds are safe and has committed to covering all losses using its SAFU Fund and company resources.

🔒 Deposit and withdrawal status

‱ Deposits: Binance’s latest shared update says deposits are operating normally.

‱ Withdrawals: Still temporarily suspended, with reopening expected within 48 hours. This is an estimate, not a guaranteed deadline.

‱ Certain Binance Alpha features using Spot Wallet balances have also been paused.

🔍 What caused the incident?

Preliminary findings suggest an attacker may have compromised a DevOps engineer’s laptop, accessed a service container and submitted unauthorized withdrawal transactions.

Binance says it has found no evidence of wallet private keys being leaked.

A full technical report and updated Proof of Reserves are planned.

⚠ Stay alert: Binance has not announced any compensation registration form. Avoid suspicious links and never share passwords, 2FA codes or seed phrases.

What matters most to you now: withdrawals reopening, fund recovery or the full investigation report?

#Binance #CryptoSecurity $BTC
#CZÂ