Bitcoin, cryptocurrency prices fall after Binance reports security issue
Circle and Tether froze $2.54 billion in tokens as Binance said it would cover losses and keep withdrawals paused during its security review.
- 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.
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197 Articles
Binance - The world's largest crypto exchange announced that more than $3 billion in assets related to the incident have already been frozen, but according to industry estimates, the volume of assets involved is more than double • Bitcoin price cut
The world ' s largest crypto-honey exchange, Binance, officially confirmed a large-scale security incident, which resulted in the theft of some $6.3 billion.
Saudi Gazette
AlKhaleej TodayCrypto giant Binance says $6.3bn assets stolen in 'largest hack in history'
NEW YORK — Cryptocurrency giant Binance said on Thursday that about $6.3 billion of digital assets were stolen in a “security incident” that has been described as the largest crypto heist in history.The world’s largest crypto exchange said it had suspended all deposits and withdrawals and that about $3 billion in funds had been frozen with the help of other platforms following the apparent hack.Binance said an initial investigation suggested tha…
The cryptocurrency exchange is precautionarily freezing three billion dollars. The company will cover all losses from hacker attacks, the company informs.
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