Binance suspends transfers after reported theft of up to $5.7 billion
Original title: Binance Reportedly Hacked as Attackers Steal Up to $5.7 Billion in Cryptocurrency
Binance says it will cover losses; a preliminary laptop compromise and multi-billion-dollar freezes remain under investigation.
Binance suspended deposits and withdrawals after a security incident. Early blockchain tracking suggested attackers may have taken as much as $5.7 billion; later figures cited about $5.9 billion from Chainalysis and about $6.3 billion attributed to Binance. A later update said a compromised DevOps engineer’s laptop may have allowed access to a service container and unauthorized withdrawals, but Binance called that preliminary and has not described the infection method. The exchange said user funds remained safe and verified frozen assets rose to about $3 billion.
Unconfirmed: The laptop intrusion path is preliminary, and stolen-amount estimates differ by source.
- Verified frozen assets rose from $2.54 billion to about $3 billion.
- Tether reportedly froze more than $1.57 billion in USDT.
- Circle reportedly froze $800 million in USDC.
- Binance warned users against unofficial links and information requests.
- Investigators have not linked the incident to the earlier Bybit theft.
Impact: Unauthorized cryptocurrency withdrawals from exchange infrastructure
- 1.Use only official Binance channels and ignore unofficial links or account-information requests.
- Victims
- Binance
- Organizations
- TetherCircleChainalysis
From the original article
2 min read at gbhackers.com
Binance has suspended deposits and withdrawals due to a security incident. Early estimates from blockchain tracking indicated that attackers may have drained as much as $5. 7 billion in cryptocurrency.
By Divya · gbhackers.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.