Binance Confirms $6.3B Security Breach, Freezes $3B in Assets and Pledges Full Compensation

Binance is investigating a security breach with an estimated $6.3 billion impact after attackers used compromised internal access to trigger unauthorized withdrawals across multiple blockchains. The exchange says blockchain partners have frozen approximately $3 billion in affected assets. Binance has also pledged to cover all losses through its Secure Asset Fund for Users (SAFU) and company resources. However, the incident raises serious questions about its internal security controls and the safeguards protecting customer assets. In an official security update published on October 30, Binance said its preliminary investigation pointed to a compromised laptop belonging to a DevOps engineer.