Binance Suffers $6.3 Billion Hack, Pledges to Cover All User Losses Binance has suffered a hack estimated to impact around $6.3 billion, potentially due to a compromised DevOps engineers' laptop, but no private key leaks were found. The exchange has temporarily suspended deposits and withdrawals, revoked the affected address's authorization, and is working with law enforcement authorities to locate and recover funds. User funds are safe, as Binance will cover all losses from the SAFU fund and its company resources, while the market reacted with significant drops in Bitcoin and altcoin prices.