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Binance Reports Security Incident Affecting $6.3B in Assets; Nearly $3B Frozen

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Summary

Binance says a security incident affected about $6.3 billion in assets. Chainalysis estimates about $5.912 billion was stolen; nearly $3 billion has been frozen. Binance suspects a compromised DevOps laptop enabled unauthorized withdrawals.

Key points

  • Binance said the incident affected about $6.3 billion in assets.
  • Chainalysis estimated that about $5.912 billion was stolen; this remains an attributed estimate.
  • Binance's initial investigation suggests a compromised DevOps engineer's laptop may have enabled access to a service container and unauthorized withdrawal transactions.
  • Binance said it has no evidence that wallet private keys were leaked.
  • Nearly $3 billion in assets have reportedly been frozen, including amounts frozen by Tether, Circle, and the Arbitrum Security Council.
  • Binance said it will cover losses using its SAFU fund and its own funds.

Article Details

Victim Organization
Binance
Incident Type
Cryptocurrency theft involving unauthorized withdrawal transactions. Binance said its initial investigation suggests an attacker may have used a compromised DevOps engineer's laptop to access a service container.
Operational Impact
Binance reported that about $6.3 billion in assets were impacted and nearly $3 billion had been frozen on-chain. Chainalysis estimated approximately $5.912 billion was stolen at the time of theft. Binance said it would cover all losses using its Secure Asset Fund for Users (SAFU) fund and its own funds. Binance said there was no evidence of a wallet private key leak.
Claim Status
confirmed

Vendors

CircleTether and Circle said they have frozen more than 1.567 billion USDT and 800 million related to the incident, respectively. The Arbitrum Security Council is said to have executed a transaction to freeze about $30.5TetherTether and Circle said they have frozen more than 1.567 billion USDT and 800 million related to the incident, respectively. The Arbitrum Security Council is said to have executed a transaction to freeze about $30.5

Industries

CryptocurrencyCryptocurrency giant Binance said on Thursday that a "security incident" on its platform has impacted about $6.3 billion worth of assets.