Binance Hit By Record $6.3 Bn Crypto Breach, Suspends Withdrawals
The breach is believed to have occurred via a compromised laptop belonging to a DevOps engineer, allowing unauthorized withdrawal transactions. Binance has frozen approximately $3 billion on-chain and plans to cover all losses using its Secure Asset Fund for Users (SAFU).
Key points
- Estimated $6.3 billion in assets affected
- Attack linked to a compromised DevOps engineer laptop
- Withdrawals temporarily suspended
- Losses to be covered by SAFU and company funds
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