Binance Hacked, Estimated $6.3 Billion in Crypto Drained

Binance has confirmed a security breach on its crypto exchange and estimated the total impact of a security incident at around $6.3 billion.

It said an initial investigation points to a compromised DevOps engineer’s laptop.According to the exchange, the laptop gave an attacker access to a service container, which was used to submit unauthorised withdrawal transactions.

Binance said it has “found no evidence of any wallet private key leak” and will publish a detailed technical post-mortem once the facts are verified.London's trading industry is coming home!What Binance Says It Has DoneThe exchange said it worked with blockchain partners to freeze affected assets, with roughly $3 billion frozen on-chain so far.

It will cover all losses from its SAFU fund and company funds, and says user funds are safe.Binance has temporarily suspended deposits and withdrawals while security checks are completed, revoked the affected address authorisation, and engaged law enforcement and blockchain intelligence partners to trace and recover funds.

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