Binance says crypto worth $6.3bn impacted in suspected hack
Cryptocurrency giant Binance said on Thursday that a "security incident" on its platform has impacted about $6.3bn (£4.7bn) of assets.
TL;DR
- Binance experienced a security incident affecting about $6.3 billion in assets.
- Approximately $2.4 billion in assets has been frozen by Binance and collaborating platforms (Tether and Circle).
- The incident is suspected to be a hack involving a compromised engineer's laptop, allowing unauthorized withdrawals.
- Binance has pledged to cover all user losses resulting from the incident.
- Withdrawals are temporarily disabled on Binance.com for security assessment.
- Binance.US confirmed its platform was not affected by the security incident.
- The value of Bitcoin, Ethereum, and Solana saw a decline following the news.
- Binance was founded in China by Changpeng Zhao (CZ) in 2017 and has over 300 million registered users.