๐จ Binance confirms a $6.3 billion security incident, with $3 billion already frozen on-chain.
Here are the key updates from Binanceโs October 30 announcements:
๐ฐ Estimated impact: $6.3B
Binance says approximately $3 billion in affected assets has been frozen with help from blockchain partners.
๐ก๏ธ User funds and compensation
Binance says user funds are safe and has committed to covering all losses using its SAFU Fund and company resources.
๐ Deposit and withdrawal status
โข Deposits: Binanceโs latest shared update says deposits are operating normally.
โข Withdrawals: Still temporarily suspended, with reopening expected within 48 hours. This is an estimate, not a guaranteed deadline.
โข Certain Binance Alpha features using Spot Wallet balances have also been paused.
๐ What caused the incident?
Preliminary findings suggest an attacker may have compromised a DevOps engineerโs 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.
โ ๏ธ 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
Here are the key updates from Binanceโs October 30 announcements:
๐ฐ Estimated impact: $6.3B
Binance says approximately $3 billion in affected assets has been frozen with help from blockchain partners.
๐ก๏ธ User funds and compensation
Binance says user funds are safe and has committed to covering all losses using its SAFU Fund and company resources.
๐ Deposit and withdrawal status
โข Deposits: Binanceโs latest shared update says deposits are operating normally.
โข Withdrawals: Still temporarily suspended, with reopening expected within 48 hours. This is an estimate, not a guaranteed deadline.
โข Certain Binance Alpha features using Spot Wallet balances have also been paused.
๐ What caused the incident?
Preliminary findings suggest an attacker may have compromised a DevOps engineerโs 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.
โ ๏ธ 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
