Binance hit by a $6.3 billion crypto asset attack, with approximately $3 billion frozen
Binance Hit by $6.3 Billion Hack, Largest in Crypto History
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Binance said a security incident affected nearly $6.3 billion in assets. A preliminary investigation pointed to a compromised DevOps engineer’s laptop and internal service containers, with no signs of wallet private key exposure found. Industry participants have frozen approximately $3 billion on-chain, while approximately $3.3 billion remains unrecovered; Tether froze more than 1.567B USDT, Circle froze more than 800M USDC, and Binance suspended deposits and withdrawals, pledging to cover user losses through the SAFU fund and corporate reserves.
The material connects the attack entry point, the freezing of on-chain assets, and subsequent tracking efforts, making it easier to understand how an exchange security incident can affect stablecoin issuers and multiple blockchains.
Source:Cryptopolitan · cryptopolitan.com