Binance hack: what is known $6.3 billion is the biggest theft in history. The previous record, Baybit at $1.5 billion, was quadrupled. How: A DevOps engineer's laptop was compromised and a service container was accessed through it. Funds were transferred across ten blockchains, most within 20 minutes. Who: TRM Labs and chain points to Traderbog, a North Korean subsidiary of Lazarus. Binance itself does not blame anyone. How much will be returned: Freeze binding 1.567 billion USDT, circle - 800+ million USDC. A total of ~$3 billion was frozen, a net loss of ~$3.3 billion. Conclusions: Discontinued on Thursday, they promise to resume gradually over ~45 hours. And now what are they silent about. Binance promises to cover everything from SAFU and its funds. But SAFU is about a billion dollars, six times more stolen. The insurance fund covers less than a third, the rest will come from the company's balance sheet. The promise is not based on reserves, but on solvency. The market responded: BTC at a six-week low of $76,368, ETH at $2,178. I have about 0.1% of my capital in Binance, the main exchange. babybitt 6.3 billion dollars in twenty minutes using one laptop. The largest exchange on the planet with billions of dollars in security budgets - and here is the entrance.

Binance hack: what is known $6.3 billion is the biggest theft in history. The previous record, Baybit at $1.5 billion, was quadrupled. How: A DevOps engineer's laptop was compromised and a service container was accessed through it. Funds were transferred across ten blockchains, most within 20 minutes. Who: TRM Labs and chain points to Traderbog, a North Korean subsidiary of Lazarus. Binance itself does not blame anyone. How much will be returned: Freeze binding 1.567 billion USDT, circle - 800+ million USDC. A total of ~$3 billion was frozen, a net loss of ~$3.3 billion. Conclusions: Discontinued on Thursday, they promise to resume gradually over ~45 hours. And now what are they silent about. Binance promises to cover everything from SAFU and its funds. But SAFU is about a billion dollars, six times more stolen. The insurance fund covers less than a third, the rest will come from the company's balance sheet. The promise is not based on reserves, but on solvency. The market responded: BTC at a six-week low of $76,368, ETH at $2,178. I have about 0.1% of my capital in Binance, the main exchange. babybitt 6.3 billion dollars in twenty minutes using one laptop. The largest exchange on the planet with billions of dollars in security budgets - and here is the entrance.