Binance's initial investigation suggests that this security incident may have involved a DevOps engineer's laptop being hacked, which allowed attackers to access a service container and submit unauthorized withdrawal transactions. We haven't found any evidence that the wallet's private key has been leaked. Once the investigation is complete and the facts are fully verified, we will share a detailed technical post-mortem report. The total impact is estimated at around $6.3 billion. We've worked with blockchain partners to freeze affected assets, and have now frozen around $3 billion in on-chain assets. Binance will bear all losses from the SAFU fund and company funds. User funds are safe. Once the restoration work is complete, we will also issue an updated proof of reserve. As an immediate precautionary measure, Binance has: - temporarily suspended deposits and withdrawals until security checks are completed; - revoked authorization from affected addresses; - contacted law enforcement agencies and blockchain intelligence partners to track and recover funds. Our team is working day and night to resolve this issue in a safe and thorough manner. We are working closely with our law enforcement partners to identify these criminals and bring them to justice.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.