Hacking News
Binance Finds Additional Breach Points in $6.3B Hack
Binance CEO Richard Teng confirmed that the security incident cost around $6.3 billion. The exchange found additional points of breach, with the attacker using a compromised DevOps engineer's laptop to submit unauthorized withdrawal transactions. Binance remains on track to resume withdrawals in 45 hours, with $3 billion of affected assets frozen on-chain. The exchange will cover all losses from its SAFU fund and company funds, ensuring user funds are safe.