Binance Security Incident Tracking: Approximately $6.3 Billion
Start here
AI-assisted source synthesis · not an independent investigation.
On October 30, Binance confirmed that a security incident had occurred, estimating that approximately $6.3 billion in crypto assets were affected. It had temporarily suspended deposits and withdrawals and pledged to cover user losses through the SAFU fund and company reserves. Earlier reports said the investigation pointed to a compromised laptop belonging to a DevOps engineer and internal service containers, with no wallet private-key leak found; later reports said the attack was not caused by a single engineer's privileges or a single operation. Earlier reports said approximately $3 billion in assets had been frozen, with Tether and Circle freezing more than $1.567 billion in USDT and $800 million in USDC, respectively; later reports said the amounts blacklisted by the two companies were approximately $1.77 billion and $825 million, respectively. Freezing does not mean the funds have been recovered. There were also differences in the estimated withdrawal restoration time: an earlier estimate was 48 hours, while a later report said deposits had been restored and withdrawals were expected to reopen approximately 45 hours later. TRM Labs and Chainalysis expressed high confidence that the attack was carried out by North Korea. On October 31, the U.S. Secret Service said it was working with Circle and Tether to identify, freeze, and recover the funds; Synthetix said it had recovered approximately $8.4 million worth of SNX. Binance said it had allocated more than $6.34 billion for the affected tokens, but asset recovery and return efforts were still ongoing.
AI-written from reports · updated 26 minutes ago
Developments
- Oct 31 04:19 · 1 reportsBinance promises to cover hacking lossesPYMNTS：Binance承诺承担$6.3 billion黑客损失，资产追回仍面临差异
- Oct 31 02:09 · 1 reportsCircle and Tether freeze hacker fundsFinance Magnates：U.S. Secret Service, Circle, and Tether freeze 2.37B in funds from Binance hack
- Oct 31 01:35 · 1 reportsSynthetix recovers stolen SNXCryptopolitan：Synthetix recovers SNX stolen from Binance, hacker mistakenly locks $3.5M worth of NEWT in contract
- Oct 30 20:31 · 1 reportsBinance Hit by a $6.3 Billion HackCryptopolitan：Binance hit by approximately $6.3 billion hack, CZ asks Musk to stop mocking
- Oct 30 18:46 · 1 reportsPart of the Binance hacker's funds have been frozenCryptopolitan：Binance hacker divides stolen funds into freezeable and non-freezeable categories
- Oct 30 12:58 · 4 reportsBinance Hit by a $6.3 Billion HackCryptopolitan：Binance hit by a $6.3 billion crypto asset attack, with approximately $3 billion frozen
Timeline
Follow the reporting to see the different sides of the story.
- PYMNTSBinance承诺承担$6.3 billion黑客损失，资产追回仍面临差异
Binance承诺使用SAFU和公司资金承担此次黑客攻击造成的约$6.3 billion客户损失，并已为受影响代币配置超过$6.34 billion。约$3 billion资产已通过合作方在链上被冻结，但冻结不等于返还；Tether冻结近$1.57 billion、Circle冻结超过$800 million，而Bitcoin缺少可采取同等干预措施的发行方。
- Finance MagnatesSelectedU.S. Secret Service, Circle, and Tether freeze 2.37B in funds from Binance hack
The U.S. Secret Service is working with Circle to identify, freeze, and recover stolen funds from the Binance hack, while Circle and Tether have frozen a combined total of more than 2.37B. Circle froze more than 800M USDC, and Tether froze nearly 1.57B USDT; these assets may not yet have been recovered or returned to affected users.
- CryptopolitanSynthetix recovers SNX stolen from Binance, hacker mistakenly locks $3.5M worth of NEWT in contract
Synthetix said it has recovered approximately $8.4 million in SNX stolen by the Binance hacker and deposited it into protocolDAO’s multisig Safe, awaiting its return to Binance as required.
- CryptopolitanSelectedBinance hit by approximately $6.3 billion hack, CZ asks Musk to stop mocking
Binance co-founder CZ asked Elon Musk to stop publicly mocking the exchange and offer support after a hack that Binance estimates caused approximately $6.3 billion in losses. Binance said the attack was not the result of a single engineer’s permissions or a single operation, and that it has frozen approximately $3 billion of the stolen funds on-chain and will cover the losses through SAFU and company reserves. Deposits have been restored, while withdrawals remain suspended; the exchange said it expects to reopen them after 45 hours.
- CryptopolitanBinance hacker divides stolen funds into freezeable and non-freezeable categories
The article states that in the $6.3 billion theft involving Binance, Tether and Circle blacklisted approximately 1.77 billion USDT and 825 million USDC, respectively, while Ripple and World Liberty Financial also froze part of the RLUSD and USD1.
- PYMNTSSelectedBinance robbed of $6.3 billion, exchange suspends withdrawals and pledges to cover losses
Binance was hacked for $6.3 billion, and the exchange suspended withdrawals, which it expects to resume within 48 hours. Binance said it has located around $3 billion in stolen funds, while Co-CEO Richard Teng said the company would cover all losses; TRM Labs and Chainalysis are highly confident that North Korea carried out the attack.
- CryptopolitanBinance hit by a security breach with estimated losses of $6.3B; about $3B in assets frozen
Binance is investigating a security breach estimated to have caused $6.3B in losses, and has frozen about $3B in assets and suspended user deposits and withdrawals. The frozen amount includes more than 1.567 billion USDT frozen by Tether and more than 800 million USDC frozen by Circle, but freezing the assets does not mean they have been recovered. After the news broke, Bitcoin fell to $77,646, Ether fell to $2,238.76, and BNB dropped more than 8% in 24 hours to $694.
- Finance MagnatesSelectedBinance confirms security breach, estimates about $6.3B in crypto assets affected
Binance confirmed a security incident at its crypto exchange, estimated to have affected about $6.3B in crypto assets, and suspended deposits and withdrawals. Binance said its preliminary investigation pointed to a compromised laptop belonging to a DevOps engineer, and that it would cover all losses through SAFU and company funds. About $3 billion in assets have been frozen on-chain.
- CryptopolitanSelectedBinance hit by a $6.3 billion crypto asset attack, with approximately $3 billion frozen
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.
Heat over time
Current heat 28·Peak over the comparable range 28 (Oct 31 05:00)·Change over the comparable range in the last 24 hours –
Trends compare only the same entities that were fully and continuously observed, so the range can be narrower than the current heat statistics. Move the pointer or tap the chart to read hourly heat; arrow keys work on a keyboard.