Update: Binance estimates the total impact of the incident at around $6.3 billion and says all user losses will be covered by the SAFU fund and its company funds. The exploit may have involved a compromised DevOps engineers' laptop that allowed the attacker to send unauthorized withdrawal transactions, with Binance finding no evidence of a private key leak.

Update: Binance estimates the total impact of the incident at around $6.3 billion and says all user losses will be covered by the SAFU fund and its company funds. The exploit may have involved a compromised DevOps engineers' laptop that allowed the attacker to send unauthorized withdrawal transactions, with Binance finding no evidence of a private key leak.