Binance $6.3B Hack Triggers FBI Probe While $3B in Stolen Crypto Gets Frozen

Key Takeaways: Binance’s hot wallets were hacked for approximately $6.3 billion.

Already, about $3 billion of assets have been seized.

Binance allocated over $6.34 billion of reserves for user losses.

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law enforcement has also been involved in the response to Binance’s massive crypto hack, working with the exchange and industry partners to track the sources of stolen funds.

Binance says users will not absorb the losses and has committed company resources and its SAFU fund to make affected balances whole.

FBI Joins Hunt After Binance Loses $6.3 Billion According to Binance, the hack caused about $6.3 billion worth of withdrawals from Binance hot wallets on Oct.

29.

The FBI told Reuters it’s collaborating with both public and private partners to determine the extent of the situation and carry out investigative measures.

According to Bloomberg separately Thursday, U.S.

Secret Service investigators are also helping in the recovery.

Binance initially blamed the attack on a hacked DevOps engineer’s laptop but stated that they had found more points of attack.

There is no evidence of the private keys in wallets being leaked, the company said.

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