Fellow Binancians, Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: temporarily suspended deposits and withdrawals while security checks are completed;revoked the affected address authorisation;engaged law enforcement and blockchain intelligence partners to trace and recover funds. Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice. Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions. Thank you for your support! Binance Team 2026-10-30
🚨 Chinese Billionaire Sentenced to 30 Years in U.S. Prison
Chinese billionaire Guo Wengui has been sentenced to 30 years in prison in the U.S. for orchestrating a crypto fraud scheme worth over $1 billion.
According to prosecutors, thousands of investors were lured with fake crypto and investment opportunities, while the funds were allegedly used to finance a lavish lifestyle, including luxury homes, yachts, and other personal expenses.
The case is one of the largest crypto fraud prosecutions in recent years and serves as a reminder to always DYOR before investing in any project.