Crypto platform Binance confirms $6.3 bn hack
Summary
Binance has confirmed a cyberattack that affected around $6.3 billion in funds, with about $3 billion frozen on-chain so far. The exchange says user funds are safe, deposits and withdrawals have been temporarily suspended, and it is working with law enforcement and blockchain partners to trace additional assets.
Key Points
- Binance said a major hack affected around $6.3 billion in funds, with roughly half frozen to prevent further theft.
- The exchange temporarily suspended deposits and withdrawals while security checks and asset freezes were underway.
- Former chief Changpeng Zhao said the incident appears to be a hack on Binance, while Tether and Circle said they froze large amounts of related stablecoins.
- Crypto markets fell after the news, with bitcoin and Ethereum briefly dropping before partially recovering.
