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Quick explainer for anyone wondering where their funds are: exchanges keep most assets offline in cold wallets, with a smaller amount in online hot wallets to handle withdrawals. This attack targeted the hot wallets.
Binance says it will cover the loss itself, so users won’t bear the cost. This is why user's funds are safe in CEXs and they are responsible for any user losses......
CryptoFlix retweeted
We know how important trust is, especially in moments like this.
We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%. Our users will not bear the financial impact of this incident.
We've also shared an updated Proof of Reserves snapshot, and we're working towards resuming withdrawals on November 1.
Thank you for your patience and trust. We'll keep you updated every step of the way.
Everyone is talking about how Binance was attacked, how much was lost, and how much can be recovered.
No one is asking that is he safe? Is his wallet is safe? Is his funds are safe?
This is what strikes me most? Almost every user I see still trusts Binance to protect their money and take the loss itself.
That kind of trust takes years to build. 💛
@heyibinance and @cz_binance have reassured users.
And we believe that Binance will stand by those words and keep putting users first.
Even competitors helping makes sense. This is bigger than rivalry, it’s a security challenge for the whole industry.
Today it’s Binance. Tomorrow it could be anyone.
Stand together. Learn from it. Come back stronger. 🤝🛡️
#Binance #SAFU #Crypto
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🚨 BINANCE SECURITY UPDATE
According to Binance’s latest update, initial findings point to a compromised DevOps engineer’s laptop. There is currently no evidence that wallet private keys were leaked.
Key updates:
🛡️ Binance says user funds are safe.
💰 All losses will be covered through SAFU and company funds.
✅ Deposits remain operational.
🔒 Around $3B in affected assets has been frozen, with partners working to freeze more.
🔍 Law enforcement is assisting with tracing and recovery.
⏸️ Withdrawals remain temporarily suspended as a precaution while security improvements are implemented.
The investigation continues. Follow official @Binance channels for updates and beware of impersonators or recovery scams.
Stay SAFU. 🤝
#Binance #CryptoSecurity #SAFU
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🚨 HOW THE SUSPECTED BINANCE EXPLOIT MAY HAVE WORKED
The reported attack involved EIP-7702, introduced with Ethereum’s Pectra upgrade.
It allows a regular wallet to delegate execution to smart-contract code with valid authorization signed by that wallet’s key.
According to circulating analysis, the attacker submitted 50 signed authorisations covering consecutive nonces, attempting to match the wallet’s current transaction counter.
One reportedly succeeded. That delegation allegedly enabled malicious code to move the wallet’s assets.
⚠️ This does not establish a flaw in Ethereum itself. The critical unanswered question is how the attacker obtained valid signed authorisations.
Delegation can persist until revoked or replaced, it does not automatically expire after one transaction.
The separate Tron transfers still require attribution. They should not automatically be counted as stolen funds.
Investigation ongoing. More verified details to follow.
#Binance #Ethereum #EIP7702 #CryptoSecurity
🚨 BINANCE SECURITY INCIDENT: THE REPORTED TIMELINE
Here’s how the suspected exploit unfolded, according to circulating on-chain reports. Exact timings and totals remain subject to verification.
🗓️ OCTOBER 28
An address receives funding through Tornado Cash.
🗓️ OCTOBER 29 — UTC
▪️ 16:00 — The address reportedly deploys a malicious contract.
▪️ 20:20 — Binance Hot Wallet 14 reportedly authorises a delegation pointing to that contract.
▪️ 20:24 — A transaction moves approximately 167K ETH and 1.6B USDT from Wallet 14.
▪️ 24 seconds later — Wallet 16 transfers approximately 28K ETH to the same destination.
▪️ Around 20:42 — Approximately 780M USDC leaves Wallet 34.
▪️ Market turmoil follows, with reports of a sharp BTC decline and hundreds of millions in long liquidations. A direct causal link remains unconfirmed.
🔒 ISSUERS RESPOND
• Tether: Over 1.567B USDT frozen, according to Paolo Ardoino.
• Circle: Approximately 823M USDC frozen, according to CZ.
• Ripple: Approximately $200M frozen, acknowledged by He Yi.
Combined announced freezes exceed $2.59B, subject to reconciliation—not $2.37B. Frozen does not mean recovered.
🛡️ CZ says the activity looks like a hack. Binance says user funds are safe and its investigation is ongoing.
Reports put total outflows above $5.6B across multiple chains, but the final amount stolen has not been established. If confirmed at that scale, this would be the largest crypto hack on record.
The questions now: what caused the incident, how much can be recovered, and what will Binance’s investigation reveal?
More updates as verified details emerge.
#Binance #CryptoNews #BTC #CryptoSecurity #SAFU
WHERE DO I KEEP MY MONEY?! 😭
Exchanges? Hacked .
Hardware wallet? Hacked.
Hot wallet? Phishing links.
Under the mattress? Inflation.
At this point, I need cold storage for my anxiety. 💀🔐
#Crypto #CryptoSecurity #binancehacked
Just In: Following Binance Potential Hack, @elonmusk just said "Everyday is a Zero Day"
Yesterday, CZ warned about four data leaks and urged users to secure their accounts.
Today, Binance faces a suspected multibillion-dollar hack, with circulating estimates approaching $6B.
A brutal reminder: protecting your account cannot eliminate an exchange’s infrastructure risk.
If confirmed at that scale, this would be the largest crypto hack on record. The final loss remains unconfirmed as the investigation continues.
#Binance #CZ #CryptoSecurity #SAFU
4 data leaks reported today:
1. Coinbase's vendor Amplitude exposed some users’ contact data (funds unaffected).
2. Bithumb (Korea) had user data leaks.
In TradFi, two securities firms in Korea leaked data:
3. Mirae Asset
4. Daishin Securities
You can't prevent a leak, but you can protect yourself.
Leaked exchange data (names, emails, phone numbers, addresses, ID documents, transaction history) is mostly used for phishing, SIM swapping, and social engineering.
Reduce info you share
- Use a unique email alias for each exchange (SimpleLogin, Apple Hide My Email, etc). A leak then can't be linked to your other accounts, and you can spot which service leaked.
- Share only what's required. Don't add optional profile details.
- Use a dedicated phone number (a VoIP or secondary SIM) for exchange accounts if you can, since leaked numbers are the main route to SIM swaps.
Lock down the account
- Use a unique, long password from a password manager.
- Turn on hardware security keys (YubiKey) or passkeys, or at least an authenticator app.
- Avoid SMS 2FA.
- Enable withdrawal address whitelisting and a withdrawal time lock if the exchange offers them.
- Set up an anti-phishing code, which puts a code you choose in every legitimate email from the exchange.
- Review active sessions and API keys regularly. Delete any API keys you don't use.
- Restrict API keys to withdraw-disabled and IP-whitelisted.
Defend against
- SIM swapping: Ask your carrier to add a port-out PIN or number lock.
- Phishing and impersonation: Assume anyone who contacts you about your account, "security issues," or "refund recovery" is a scammer, even if they know your name, balance, or recent trades.
- Exchange support staff don't ask for your password, 2FA codes, or seed phrase.
- Never click links in emails or texts. Go to the site yourself.
- "Wrench attacks": Leaked addresses plus holdings data have led to real-world extortion and robberies. Don't publicize your holdings, and keep large balances out of anything tied to your home address if you can.
If a breach is announced
1. Change the exchange password and any other account that reused it.
2. Check haveibeenpwned.com for your email address.
3. Revoke API keys and active sessions.
4. Review recent withdrawals and security settings.
5. Watch for phishing emails and texts that reference the breach, because scammers move fast after one.
Stay SAFU! 🙏
⚠️ Binance withdrawal unavailable?
Stay calm, withdrawal disruptions have been reported amid an ongoing security investigation.
Availability may vary by asset and network.
Check the Binance app for withdrawal and trading status.
No need to panic or trust unofficial links.
Updates to follow.
#Binance #CryptoNews
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🚨 BREAKING: SUSPECTED BINANCE HACK — $5.6B+ IN REPORTED ASSET OUTFLOWS
The circulating breakdown totals approximately $5.613 BILLION:
• $1.45B $BTC
• $875M $ETH
• $234M $TRX
• $50M ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38
• $1.57B $USDT
• $823M $USDC
• $75M ethereum:0xa2e3356610840701bdf5611a53974510ae27e2e1
• $88.5M $RLUSD
• $447.5M in other cryptocurrencies
⚠️ This breakdown remains confirmed but should not yet be treated as the final amount stolen.
🔒 FREEZE UPDATES:
• Tether: Over $1.567B USDT, according to CEO @paoloardoino .
• Circle: Approximately $823M USDC, according to @cz_binance .
• Ripple: Approximately $200M, acknowledged by Binance’s @heyibinance .
Combined announced freezes: OVER $2.59 BILLION, subject to reconciliation. Frozen assets are not automatically recovered funds.
🔍 Binance’s investigation remains ongoing. The cause, full exposure and final losses are still being assessed.
🛡️ USER FUNDS ARE SAFU, according to He Yi and CZ.
More updates coming as verified information emerges. Follow official channels and beware of scam links.
#Binance #CryptoNews #BTC #Tether #Circle #Ripple #SAFU
How Trump Manipulated the Market Through Crypto Hacks
Read the article below, a detailed analysis of why there is so many hack these days?
binance.com/en/square/post/3…
🤖 Made with AI
🚨 JUST IN: $430 MILLION IN LONGS REPORTEDLY LIQUIDATED IN ONE HOUR!
Bitcoin reportedly drops below $79,000 for the first time in 40 days as leveraged bulls take a heavy hit. 📉
#Bitcoin #BTC #CryptoNews #Liquidations
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🚨 BINANCE SECURITY SCARE: $3B OUTFLOW CLAIMS 🚨
Reports circulating on X claim approximately $2.7–3 billion has moved out of Binance hot wallets.
A statement attributed to Binance says its teams are investigating a potential security issue, with no confirmed impact to user funds at this stage.
A separate statement attributed to CZ says user funds are safe and mentions freezes by Tether and Circle. These statements and figures remain independently unverified.
⚠️ A potential security issue is NOT a confirmed hack.
✅ Check Binance’s official channels directly.
✅ Avoid suspicious links, DMs and “fund recovery” offers.
✅ Never share passwords, private keys or verification codes.
Stay calm. Verify @binance or @cz_binance before sharing. 🛡️
#Binance #CryptoNews #CryptoSecurity #SAFU
VOTE & Support for our Brother @Asif_MAHGZ
Vote Here : app.binance.com/uni-qr/cpro/…
Please vote and share screenshot for rewards daily .... Only 6 days left
nitter.cf/CryptoFlix0/status/211…
🚀 $100 DAILY GIVEAWAY - BINANCE BLOCKCHAIN WEEK! 🚀
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🚀 $100 DAILY GIVEAWAY - BINANCE BLOCKCHAIN WEEK! 🚀
We are giving away lucky winners EVERY DAY (Total $100 daily reward).
We need your support to win the Rising Star category at Binance Blockchain Week.
Voting is simple:
1️⃣ Vote for AZ__ (app.binance.com/uni-qr/cact2…) in the Rising Star category.
2️⃣ Like & Repost this post.
3️⃣ Drop your voting Screenshot in the comments below with Binance UID!
⚠️ Winners will be announced DAILY, so make sure to vote every single day to increase your chances! Let's win this together! 📈 🔥
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