Binance estimates losses from the security breach at $6.3 billion, and said a compromised DevOps engineer laptop may have allowed unauthorized withdrawals. The exchange says it has frozen about $3 billion in assets and will cover all losses through the SAFU fund and corporate funds.

Binance estimates losses from the security breach at $6.3 billion, and said a compromised DevOps engineer laptop may have allowed unauthorized withdrawals. The exchange says it has frozen about $3 billion in assets and will cover all losses through the SAFU fund and corporate funds.