HC retweeted
Binance will cover all losses from the SAFU fund and the company’s funds.
User funds are safe.
Binance's 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. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
HC retweeted
bought more spot across the board here
this time next year you will be begging to have bought at these levels
short term volatility is irrelevant
eye on the prize
Still using T1 exchanges despite the hate. Bybit and Binance refund after hacks.
Nothing is safe. Ledger was “unhackable” until it wasn’t. Next, malware on your phone or laptop logged every keystroke including your seed phrase.
T1s at least make you whole. Can’t say the same with private wallets.
$SILVER still playing out 240 days later
Profits were booked at $66 so I can’t claim clout. Probably nobody on earth is holding a swing for this long
Traded the fun bullish rotations in between, but personally no long-term buys until $35-39
The greatest $SILVER short on X.
30% dump perfectly sniped at $94.
Booking some here at $66 for peace of mind.
