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Binance investigates massive $6.3 billion security breach FAST-MOVING
Binance, the world’s largest cryptocurrency exchange, is investigating a major security breach with an estimated impact of approximately $6.3 billion. Preliminary findings suggest that attackers may have gained unauthorized access to the system through a compromised laptop belonging to a DevOps engineer, allowing them to access a service container and execute unauthorized withdrawals.
Blockchain intelligence firms, including TRM Labs and Chainalysis, have linked the incident to TraderTraitor, a cybercrime operation associated with North Korean hackers. The attackers reportedly moved assets across 10 different blockchains, including Bitcoin, Ethereum, Tron, and Solana, within a 20-minute window. While stablecoin issuers Tether and Circle have successfully frozen approximately $1.57 billion in USDT and $823 million in USDC respectively, significant amounts of native assets like Bitcoin and Ethereum remain in attacker-controlled wallets.
Binance has temporarily suspended all deposits and withdrawals to conduct security checks. The company stated that user funds are safe and has committed to covering all losses using its own corporate funds and the Secure Asset Fund for Users (SAFU).
Entities
Binance · Bitcoin · Chainalysis · Changpeng Zhao · Circle · Coinglass · Ethereum · Ethereum · Etherscan · North Korea · Paolo Ardoino · Ripple
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 17 SOURCES] The transaction initiating the outflow was funded through Tornado Cash. bitnewsbot.com
- [● 30 SOURCES] Between $2.5 billion and $5.8 billion in cryptocurrency left Binance hot wallets. bitnewsbot.com · xeu.mx · www.mojkraj.hr · ascii.jp · www.centraldenoticiasmadariaga.com · +5 more
- [● 36 SOURCES] Tether froze more than $1.567 billion in USDT related to the potential hack. bitnewsbot.com · www.lanacion.com.ar · www.mojkraj.hr · primeraedicioncol.com · xeu.mx · +6 more
- [● 17 SOURCES] The outflow included approximately 167,464 ETH from the Binance 14 wallet. bitnewsbot.com · digitalio.ro
- [● 59 SOURCES] Binance is actively investigating a potential security issue. bitnewsbot.com · www.lanacion.com.ar · xeu.mx · www.mojkraj.hr · primeraedicioncol.com · +28 more
- [● 36 SOURCES] Circle froze approximately $823 million in USDC. bitnewsbot.com · www.lanacion.com.ar · xeu.mx · www.mojkraj.hr · www.borsagundem.com.tr · +10 more
- [● 22 SOURCES] Changpeng Zhao stated that the event looks like a hack on Binance. www.lanacion.com.ar · www.mojkraj.hr · primeraedicioncol.com · notifalcon.com · www.tntvnews.pf · +4 more
- [● 48 SOURCES] Changpeng Zhao stated that user funds are safe. www.lanacion.com.ar · bitnewsbot.com · xeu.mx · www.mojkraj.hr · primeraedicioncol.com · +16 more
- [● 28 SOURCES] Binance has temporarily suspended all deposits and withdrawals. www.naewna.com · ascii.jp · www.centraldenoticiasmadariaga.com · www.letemps.ch · chale.news · +19 more
- [● 17 SOURCES] There is no evidence that private keys were stolen. www.naewna.com · alsaudi.news · www.batmanrehbergazetesi.com · blockchainseoul.kr · diariopampero.com · +11 more
- [● 22 SOURCES] Hackers may have accessed the system via a compromised DevOps engineer's computer. www.naewna.com · alsaudi.news · www.batmanrehbergazetesi.com · blockchainseoul.kr · blockcast.it · +15 more
- [● 20 SOURCES] The cyberattack impact is estimated at approximately 6.3 billion dollars. www.naewna.com · alsaudi.news · www.batmanrehbergazetesi.com · www.bl-portal.com · blockcast.it · +14 more