Binance hack - who is behind it, is my money safe and what we know so far
Summary
Binance said an attack on its global exchange may have begun after an engineer’s laptop was compromised, allowing unauthorized withdrawal transactions. The company said it would cover losses, temporarily suspended deposits and withdrawals, and was working to freeze affected assets; the identity of the attacker has not been confirmed.Key Facts
- The article reports estimated losses of $6.3 billion, which it describes as a suspected record for a cryptocurrency hack.
- Binance co-CEO Richard Teng said an initial investigation pointed to a compromised DevOps engineer’s laptop and unauthorized withdrawals.
- Binance.US said it was not affected by the incident.
- Teng said Binance would cover the losses using its emergency reserve and company funds.
- Binance temporarily suspended deposits and withdrawals as a precaution.
- Binance said it was working with partners to freeze affected assets, with about $3 billion reportedly located so far.
- Some analysts have suggested possible links to North Korean cybercriminals, but this has not been confirmed.
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