Published 5 hours ago • loading... • Updated 9 minutes ago

Bitcoin, cryptocurrency prices fall after Binance reports security issue

On Friday, Binance temporarily suspended deposits and withdrawals following a major security breach estimated at $6.3 billion, potentially the largest cryptocurrency heist in history.
Binance's initial investigation suggests a compromised DevOps engineer's laptop allowed an attacker to gain access to a service container and submit unauthorized withdrawals; the company found no evidence of wallet private key compromise.
Blockchain partners froze approximately $3 billion in affected assets, with Tether freezing nearly $1.57 billion, Circle more than $800 million, and Ripple roughly $200 million in coordinated response.
Co-CEO Yi She confirmed Binance will cover "all hacking losses" through its Secure Asset Fund for Users , stating "Safety first: withdrawals are currently disabled until the environment is confirmed to be secure."
Markets reacted immediately in early Asian trading Friday, with Bitcoin falling roughly 2% and BNB declining more than 8% over 24 hours as analysts warn the breach could prompt investors to reassess centralized exchange safety.

Insights by Ground AI

189 Articles

Forbes

Center

Binance Says $6.3 Billion Impacted In Record Crypto Hack—Suspends Withdrawals

The cryptocurrency exchange said its security teams are reviewing information with “urgency.”

18 minutes ago·Jersey City, United States

Read Full Article

FOCUS online

Lean Right

Hacker Attack on Binance – $2.5 Billion Frozen

The cryptocurrency platform Binance has, according to its own statements, become the target of a severe hacker attack.

36 minutes ago·Berlin, Germany

Read Full Article

Euronews

Center

Binance confirms major hack with more than $2.5bn frozen

Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack and indicated that more than $2.5 billion in funds had been frozen in an effort to prevent a massive theft.

38 minutes ago·Lyon, France

Read Full Article

Die Presse

Lean Right

Hacker Attack on Binance: The Biggest Crypto Theft in history...

The world's largest cryptocurrency exchange has frozen assets of three billion dollars. The effects of the possible hacker attack were immediately felt in early Asian trade on Friday: Bitcoin and ether fell significantly.

1 hour ago·Vienna, Austria

Read Full Article

Il Sole 24 Ore

Lean Right

Binance, 6.3 Billion Dollar Hacker Theft. Suspicions About North Korea

The cyberattack is the biggest ever launched against a company in the cryptocurrency sector. Suspended deposits and withdrawals

1 hour ago·Milan, Italy

Read Full Article

dailymail.com

Lean Right

World's biggest ever crypto heist as hackers make off with billions

The company posted a series of sometimes contradictory messages on X, insisting that 'user funds are completely safe' but also saying it would 'cover all losses.'

1 hour ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year