Binance cryptocurrency exchange has been hacked. What is known The largest crypto exchange Binance has reported a "security incident". Exchange founder Changpeng Zhao estimated the damage at about $6.3 billion. Chronology On the evening of October 29, more than $2 billion was withdrawn from Binance wallets in a short period of time. One of the hot wallets sent about 167 thousand. ETH and 63 tokens, including $1.6 billion worth of stablecoins, to the newly created address. After that they started to transfer another part of the funds. Network analyst Spreek was the first to notice the anomaly. According to him, the transaction was made from an address that received funds through the Tornado Cash mixer, and exchanges do not work that way. Binance stated that it was aware of reports of the issue and was investigating the situation, but did not confirm the impact on user funds at the time. Users were warned against possible scammers and urged not to trust unofficial links. The founder of the Zhao exchange later admitted that "Binance appears to have been hacked." He thanked Kisher (about $971 million) and the Circle (about $823 million) for blocking the funds immediately. Binance statements after the hack confirmed the incident was related to a possible compromise of a DevOps engineer's laptop. According to the initial version, this allowed an attacker to gain access to the service container and send transactions to withdraw funds without permission. There was no evidence of leakage of the private keys of the wallets. Together with partners from the blockchain industry, we were able to freeze approximately $3 billion of the affected assets. The exchange promised to cover all losses from the SAFU fund (safe asset fund for users). As a precaution, Binance temporarily suspended deposits and withdrawals, revoked permission to use the affected address, and engaged law enforcement and blockchain analysts to locate and recover the assets. The market reaction.

Binance cryptocurrency exchange has been hacked. What is known The largest crypto exchange Binance has reported a "security incident". Exchange founder Changpeng Zhao estimated the damage at about $6.3 billion. Chronology On the evening of October 29, more than $2 billion was withdrawn from Binance wallets in a short period of time. One of the hot wallets sent about 167 thousand. ETH and 63 tokens, including $1.6 billion worth of stablecoins, to the newly created address. After that they started to transfer another part of the funds. Network analyst Spreek was the first to notice the anomaly. According to him, the transaction was made from an address that received funds through the Tornado Cash mixer, and exchanges do not work that way. Binance stated that it was aware of reports of the issue and was investigating the situation, but did not confirm the impact on user funds at the time. Users were warned against possible scammers and urged not to trust unofficial links. The founder of the Zhao exchange later admitted that "Binance appears to have been hacked." He thanked Kisher (about $971 million) and the Circle (about $823 million) for blocking the funds immediately. Binance statements after the hack confirmed the incident was related to a possible compromise of a DevOps engineer's laptop. According to the initial version, this allowed an attacker to gain access to the service container and send transactions to withdraw funds without permission. There was no evidence of leakage of the private keys of the wallets. Together with partners from the blockchain industry, we were able to freeze approximately $3 billion of the affected assets. The exchange promised to cover all losses from the SAFU fund (safe asset fund for users). As a precaution, Binance temporarily suspended deposits and withdrawals, revoked permission to use the affected address, and engaged law enforcement and blockchain analysts to locate and recover the assets. The market reaction.