Binance

Industry News

Binance Customers Withdraw $4.72 Billion Following Record Cyberattack as Operations Stabilise

Binance customers have withdrawn a net $4.72 billion following a record $6.3 billion cyberattack, representing approximately 3 percent of assets held on the platform. The cryptocurrency exchange reported that withdrawals are stabilising and recorded $2.7 billion in deposits since operations resumed on Sunday. Co-CEO Richard Teng stated at Hong Kong Fintech Week that the firm remains in a strong financial position and has replenished 95 percent of affected assets.

Industry News

Binance Resumes Bitcoin and Ether Withdrawals Following $6.3 Billion Cyberattack

Cryptocurrency exchange Binance resumed withdrawals for bitcoin, ether, and selected stablecoins on Sunday after covering 95 per cent of the $6.3 billion stolen in a recent cyberattack. The platform used $6 billion of company funds to purchase replacement tokens and stated that less liquid assets will follow in phases. The FBI attributed the security breach to a North Korean state-sponsored cyber unit.

Industry News

Binance Pledges to Cover Losses Following Record US$6.3 Billion Crypto Breach

Binance has pledged to cover all user losses after a security breach drained approximately US$6.3 billion from its wallets. The platform suspended all deposits and withdrawals while conducting security checks and liaising with law enforcement. At this scale, the incident marks the largest recorded digital asset theft in history.

Industry News

Binance Reports $6.3 Billion Security Breach and Freezes $3 Billion in Crypto

Cryptocurrency exchange Binance reported a security breach affecting an estimated $6.3 billion in digital assets, with roughly $3 billion frozen so far. A preliminary investigation suggests an attacker accessed internal systems via an engineer's laptop, though private keys were not compromised. The platform temporarily suspended deposits and withdrawals and pledged to cover all losses.