🚨 BINANCE HACK: $6.3 BILLION SECURITY CRISIS!
Binance has reported an estimated $6.3 billion security incident. The initial investigation pointed to a compromised DevOps engineer’s laptop, but further investigation uncovered additional breach points.
Binance says around $3 billion has been frozen and has promised to cover all losses using SAFU and corporate funds. Withdrawals were temporarily suspended during security checks.
Market Prices (from my screenshot):
$BNB : $698.22 (-6.66%)
$BTC : $77,192.72 (-4.85%)
$ETH : $2,235.65 (-4.62%)
$SOL: $94.65 (-7.02%)
$PEPE: $0.00000519 (+2.57%)
Several smaller tokens, including FUN, RSR, RED and GTC, also faced heavy selling pressure.
Binance previously recovered from its 2019 hack, when 7,000 BTC were stolen and SAFU covered the losses.
Can Binance restore market confidence and recover from this crisis again?
Binance has reported an estimated $6.3 billion security incident. The initial investigation pointed to a compromised DevOps engineer’s laptop, but further investigation uncovered additional breach points.
Binance says around $3 billion has been frozen and has promised to cover all losses using SAFU and corporate funds. Withdrawals were temporarily suspended during security checks.
Market Prices (from my screenshot):
$BNB : $698.22 (-6.66%)
$BTC : $77,192.72 (-4.85%)
$ETH : $2,235.65 (-4.62%)
$SOL: $94.65 (-7.02%)
$PEPE: $0.00000519 (+2.57%)
Several smaller tokens, including FUN, RSR, RED and GTC, also faced heavy selling pressure.
Binance previously recovered from its 2019 hack, when 7,000 BTC were stolen and SAFU covered the losses.
Can Binance restore market confidence and recover from this crisis again?
