Binance Hacked as Withdrawals Are Suspended Amid Security Breach
Binance $6.3 Billion Hack: One of the popular cryptocurrency exchanges Binance is reported to have been hacked. On Thursday it reported of potentially security matter, following which it intercepted the process of withdrawals. The step was taken after the hacker swept hot wallets of cryptocurrency worth of billion dollars. According to Binance, it seriously had a negative effect on funds of $6.3 billion.
Binance Hacked | Theft Took Place Around 5:15 PM
The theft was accepted by official Binance account at around 5:15 PM. This happened after reports from digital finance companies ‘Tether’ and ‘Circle Group’ who froze the amounts of their stablecoins after the hacking incident. It includes 971 million dollars in Tether and 823 million dollars in USD Coin.
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Binance Hack News Today | Exchange Freezes Assets of $2.554 billion
Binance Hacked: As per Binance, the cryptocurrency exchange claimed of freezing of $2.54 billion, and is doubting that figure might increase after the assets are found. By evening, Binance’s $3 billion was validated to be frozen. The exchange wrote that their teams are aware of the security threat issue and is investigating the matter actively. All the key information is being reviewed on urgent basis. The updates will soon be out after the verification of information via official Binance channels.
Binance Hack 2026 | Early Information of Hacking was Scarce: Binance
Binance hacked: In beginning, the information about the hacking was not abundant. However, it is said that the hacker held maximum number of cryptocurrencies (Bitcoin – 1.44 billion dollar and Tether – 1.77 billion dollars, and Ethereum – 1.01 billion dollar). Besides these cryptos, he also held maximum amount beyond 1 billion dollars in other cryptocurrencies including Solana, USD Coin, and Tron.
As per reports, these assets were taken out from hot wallets. These are those wallets which are linked with internet. In comparison to offline cold wallets, they make the convenient use for doing transactions on big exchanges like Binance. However, they are also not least secure.
Binance security breach | Former Binance CEO Maintains a Positive Outlook
Binance user Funds Safe: Binance co-founder and former CEO Changpeng Zhao on X has stated that it "does look like a hack," but maintained a positive outlook on the situation. Even though he doesn’t manage Binance, but as a shareholder, he expects full safety of users’ funds. As per statement from Binance, it has given assurance to perplexed users, as there are of security checks conducted by their team. It wrote that the withdrawals will be back soon after the security breach issue gets solved, guaranteeing safety of user funds.
Binance hacked: By 7:06 PM, the leading cryptocurrency exchange made an announcement of the suspension of Binance Alpha trading. It will get back after the matter is resolved. For your information Binance Alpha is a platform that puts emphasis on pre-stage crypto projects that are yet to be listed on Binance exchange. Hours later, this freezing was applied to all transactions on Binance.
Binance Withdrawal Suspended
Binance Hacked: For a safety measure, all the deposits and withdrawals have been suspended temporarily till the time Binance teams does security checks, freezes funds, and are cooperating with law enforcement. Based on early investigation of Binance, it states that the security incident revolves around a compromised laptop of DevOps engineer, of which the hacker must have taken advantage in gaining access to a service container and submission of withdrawal transactions in unauthorised manner. The exchange had also revealed in late night hours about finding no such evidence of any wallet private key leak.
Binance Hack Latest Update | Hacker’s Crypto Address Revoked
It has further stated about the revoking the authorisation of the potential hacker’s crypto address, and committed in covering any losses from the SAFU and company’s funds. The exchange ensured of safety of user funds in a blog post, and has said to publish an updated Proof of Reserves after the completion of remediation is done once.
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