Binance crypto exchange hack: what is known? The company estimated the scope of the consequences of the "security incident" at approximately 6.3 billion dollars. The media is calling the biggest crypto exchange hacking incident in history. Binance has temporarily suspended all deposits and withdrawals. The measures will remain in effect as long as the investigation is ongoing. According to the early version, the cause of the hack was a compromise of the laptop of one of the DevOps engineers. This allowed the attacker to gain access to service systems and withdraw funds. Binance management has promised to reimburse customers for all losses. The company named the reserve fund SAFU (Secured Assets Fund for Users) and its funds as sources of compensation. Together with partners from the blockchain industry, Binance was able to freeze approximately $3 billion of the affected assets. Amidst reports of hacking of Binance operational (hot) wallets, cryptocurrencies fell sharply in price. For example, the price of Bitcoin fell below $77,000, losing 4.4%. According to the TradingView platform, the total capitalization of the crypto market has fallen by more than $200 million. Elon Musk responded to the announcement of the Binance hack with a sentence about the vulnerability of the software: "Every day is a zero day." Telegram | Max | Read exclusively.