Key Highlights: A Binance wallet authorized an attacker-controlled smart contract to operate it on Thursday. Within under four minutes, approximately $2.5 billion worth of ether and tokens were siphoned from the wallet. Binance reports that the rapid drain was only a segment of an estimated $6.3 billion stolen in the broader exploit. Rapid Wallet Compromise ...
Key Highlights: Binance experienced a sophisticated breach with an estimated total impact of approximately $6.3 billion, of which around $3 billion has been frozen through coordination with blockchain partners. Initial assessments suspected a compromised DevOps engineer’s laptop, but ongoing forensic inquiries revealed broader breaches across systems. User funds are confirmed secure and will be fully ...
Key Highlights Binance has officially confirmed a cyberattack on its platform, reassuring customers that user funds remain secure. Unverified community reports suggest up to $2.77 billion in digital assets may have been stolen, with speculation pointing to North Korean cyber actors. Stablecoin issuer Tether intervened by freezing USDT addresses linked to the incident, temporarily halting ...
Key Highlights Elon Musk spotlighted digital platform vulnerabilities and amplified reports regarding a recent cyberattack on cryptocurrency exchange Binance. Market analysis outlet The Kobeissi Letter reported that an estimated $5.7 billion in funds moved out of Binance following the incident, calling it the largest cyberattack in cryptocurrency history. Analysts note that the full $5.7 billion ...
Key Highlights: Binance suspended user withdrawals following an overnight cyberattack targeting one of its hot wallets. Initial unconfirmed estimates indicate that up to $5.7 billion in cryptocurrency assets may have been compromised during the security incident. Binance co-founder He Yi confirmed that withdrawal transactions will remain halted until the security environment is completely verified. Binance ...
Key Highlights: CoinDCX, India’s largest cryptocurrency exchange, placed its futures market in “reduce-only” mode following a security incident at Binance. Traders are temporarily barred from opening new positions or expanding existing ones, though open orders execute and deposits and withdrawals remain operational. The Indian exchange confirmed to CoinDesk that Binance serves as the impacted global ...
Key Highlights: An unauthorized party drained over 18,270 Bitcoin (BTC)—valued at roughly $1.4 billion—from a Binance hot wallet in 11 transactions late Thursday. The perpetrator routed the stolen funds through a classic peel chain within block 973,732, dividing the haul into 19 individual destination wallets. Seventeen of the receiving wallets hold precisely 1,000 BTC each, ...
Key Highlights Reports from media outlet Protos indicate a potential withdrawal freeze at cryptocurrency exchange Binance following suspected unauthorized activity. Binance has not yet issued an official statement either verifying or refuting the reported suspension of fund withdrawals. Industry protocol often involves freezing outgoing transactions as a protective buffer, meaning an operational pause does not ...
Key Highlights Binance confirmed an exploit with an estimated total impact of around $6.3 billion, with approximately $3 billion in affected assets already frozen on-chain. Binance leadership, including co-founder Yi He, stated that user funds are safe and all losses will be covered using the platform’s SAFU reserve and corporate funds. Following the incident and ...
Key Highlights: Unverified reports flagged roughly $3.3 billion in suspected transfers connected to Binance wallets, sparking immediate market turbulence. BNB absorbed the heaviest losses, plunging between 7% and 8%, while Bitcoin slipped below the $77,000 threshold amid widespread risk-off sentiment. Binance has not formally verified the figures or confirmed the precise scope and nature of ...
Key Highlights A confirmed security incident targeting Binance has triggered swift intervention from major stablecoin issuers. Both Tether and Circle have moved to freeze illicit assets associated with the exploit across their respective networks. The exact monetary value of the frozen tokens and the overall scale of the breach remain unverified pending official, matching disclosures ...
Key Highlights: An attacker exploited Ethereum standard EIP-7702 to siphon approximately 204,500 ETH alongside altcoin assets from Binance-associated exchange wallets. The drain reduced Binance’s ETH reserve ratio from 100% to around 94%, though co-CEO Yi He and founder Changpeng Zhao affirmed that user funds remain secure and will be fully honored. Major stablecoin issuers and ...