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🚨 Binance Hit by One of the Largest Cyberattacks in Crypto History

Binance, the world’s largest cryptocurrency exchange, has reportedly become the victim of one of the biggest cyberattacks in crypto history. Approximately $6.3 billion worth of crypto assets were reportedly affected in the attack.

🔴 Key Updates:

• How the Hack Happened:
According to Binance’s preliminary investigation, hackers compromised the laptop of one of its DevOps software engineers. Through the compromised device, the attackers gained unauthorized access to a service container and executed unauthorized withdrawal transactions. However, no wallet private keys were leaked, according to the initial findings.

• Funds Frozen:
Following the incident, several major crypto industry partners and stablecoin issuers, including Tether and Circle, reportedly took swift action and managed to freeze approximately $3 billion worth of assets.

• Customer Funds Remain Safe:
Binance co-founder Yi He and former CEO Changpeng Zhao (CZ) have stated that user funds are safe. Binance has reportedly committed to covering the losses resulting from the attack using its own funds and the SAFU emergency insurance fund.

• Current Situation:
As a precautionary measure, Binance has temporarily suspended deposits and withdrawals. These services are expected to resume once the exchange’s security systems have been fully verified and secured.

• Who Is Behind the Attack?
Cybersecurity research firm TRM Labs has reportedly assessed with high confidence that the North Korean state-backed hacking group TraderTraitor, which is associated with the Lazarus Group, may be behind the attack.

⚠️ This is a developing situation, and further details may emerge as the investigation continues.

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