Binance Suffers Security Breach Affecting $6.3 Billion in Assets, Nearly $3 Billion Frozen - The Hacker News
Cryptocurrency giant Binance confirmed a security incident impacting $6.3 billion in assets, with nearly $3 billion frozen so far.
The world's largest cryptocurrency exchange announced on Thursday that a security incident has impacted approximately $6.3 billion worth of assets. Binance revealed that nearly $3 billion of these assets have been frozen on-chain as part of their response to the breach.
Investigation Details
According to Binance's initial investigation, the incident may have involved a compromised DevOps engineer's laptop, which allowed an attacker to access a service container and submit unauthorized withdrawal transactions. The company emphasized there is no evidence of a wallet private key leak.
Initial investigation suggests that the security incident may involve a compromised DevOps engineer's laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions.
Industry Response
Tether and Circle have frozen more than 1.567 billion USDT and 800 million respectively related to the incident. The Arbitrum Security Council executed a transaction to freeze about $30.5 million from the Binance Exploit. Blockchain intelligence firm Chainalysis called this the biggest cryptocurrency heist recorded to date, surpassing the $1.5 billion theft from Bybit in February 2025.
Our current estimate on the amount stolen is approximately $5.912 billion at time of theft, nearly 4x the amount stolen in the next largest crypto heist.
Binance's Actions
We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Binance has temporarily suspended deposits and withdrawals while security checks are completed. The company has revoked the affected address authorization and engaged law enforcement and blockchain intelligence partners to trace and recover funds. Binance confirmed it will cover all losses from its SAFU fund and its own resources.
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