Binance Preliminary Investigation: Theft May Be Linked to Compromised Engineer's Computer, Losses of Approximately USD 6.3 Billion

According to TechFlow, on October 30, Binance announced that preliminary investigations indicate the security incident may have involved the compromise of a DevOps engineer's laptop, which attackers used to gain access to a service container and submit unauthorized withdrawal transactions.

Binance stated that no evidence of wallet private key leakage has been found at this time, and a detailed technical post-mortem report will be released after the investigation is completed and the facts are fully verified.

According to Binance's estimate, the total financial impact of this incident is approximately USD 6.3 billion. Binance has been collaborating with blockchain partners to freeze affected assets, and approximately USD 3 billion has been frozen on-chain to date.

Binance said it will cover all losses using the SAFU fund and its own corporate funds, ensuring that user funds remain safe, and will publish an updated proof of reserves after remediation is completed.

As an emergency precautionary measure, Binance has suspended deposits and withdrawals during security checks, revoked authorizations for affected addresses, and is working with law enforcement and blockchain intelligence partners to track and recover funds, while closely cooperating with law enforcement to identify the attackers.

Source: TechFlow