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Binance Hack: $6.3B Impact, $3B Frozen as Withdrawals Halt

Picture: The Market Periodical

Key Insights Binance hack investigation estimates $6.3 billion in affected assets, with $3 billion frozen. A compromised DevOps engineer’s laptop may have enabled unauthorized withdrawal transactions. Binance expects withdrawals to resume within 48 hours and pledges to cover losses. The Binance hack investigation has revealed an estimated $6.3 billion security incident, with approximately $3 billion in affected assets frozen. The cryptocurrency exchange suspects attackers exploited a compromised employee laptop to submit unauthorized withdrawal transactions. In an official October 30 announcement , Binance said it found no evidence that wallet private keys had leaked.

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