Binance sets $6.34 billion reserve after breach, withdrawals frozen 45 hours

Binance, the world’s largest cryptocurrency exchange by trading volume, is addressing a security breach that has expanded beyond an initially suspected compromised DevOps engineer’s laptop. The company’s security team continues to investigate new pathways used by attackers in the incident, which has led to a temporary freeze on user withdrawals. The initial probe pointed to a single DevOps engineer’s laptop as the breach vector, suggesting attackers may have exploited it to gain access to one of Binance’s service containers. This access allowed the submission of unauthorized withdrawal requests.