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🚨 LATEST BINANCE UPDATE:
✅ Deposits continue to operate normally.
⏸️ Withdrawals remain paused during a security revamp.
Binance expects withdrawals to resume within 48 hours and will share further updates.
Service Update
Deposits remain unaffected and continue to operate as normal.
Withdrawals remain paused while our team completes a security revamp of the withdrawal service and its related addresses. We expect to resume within 48 hours, and will update with further details.
The incident stems from multiple factors. Our security team is tracing the full attack path through the compromised computer which may be the entry point of the incident. A comprehensive report with the root cause will follow.
We will continue to share updates through official Binance channels.
This is not just an attack on one exchange. It’s a tough time for the entire crypto industry.
We should stand together, support each other, and focus on recovery instead of blaming each other.🙏
Stay calm, be patient, and avoid panic. Binance is a major exchange, and hopefully, the situation will be resolved and the affected funds recovered.
BINANCE HIT BY A POTENTIAL $6.3 BILLION HACK?
Binance is investigating a major security incident that could become the largest crypto hack in history.
The exchange estimates the total impact at around $6.3 billion.
But what exactly happened?
How did the attacker get access?
What is Binance's leadership saying?
And how much money has been frozen?
Here's everything you need to know. 🧵👇
THE CRYPTO INDUSTRY CAME TOGETHER
One important development is the cooperation between different crypto companies.
Tether, Circle and other industry participants have helped trace and freeze suspicious assets.
Binance also acknowledged support from industry friends and competitors.
WHAT HAPPENS NEXT?
- What was the exact security vulnerability?
- Who was behind the attack?
- How much of the affected crypto can be recovered?
- Will the frozen amount increase further?
- What will Binance's updated Proof of Reserves show?
The investigation and recovery process are still ongoing.
We will keep tracking the official updates.
🚨 UPDATE: Binance says $2.54 billion in assets have been frozen so far, clarifying the differing figures circulating publicly, including $1.8 billion.
The total could rise as Binance works with law enforcement and industry partners to trace and freeze more assets.
Further updates will follow as more figures are confirmed.
A BINANCE HACK IS PAINFUL FOR THE ENTIRE CRYPTO INDUSTRY, NOT ONE EXCHANGES
In times like these, the industry should come together and support each other instead of turning against one another.
Let's stay calm and see how things unfold. More updates are coming, and we'll keep sharing the latest developments with you. 🤝
A BINANCE HACK IS PAINFUL FOR THE ENTIRE CRYPTO INDUSTRY, NOT ONE EXCHANGES
In times like these, the industry should come together and support each other instead of turning against one another.
Let's stay calm and see how things unfold. More updates are coming, and we'll keep sharing the latest developments with you. 🤝
🚨JUST IN: The crypto community is coming together to help Binance tackle this security incident.
Coinbase CEO Brian Armstrong has also extended support.
If the $6.3B estimate is confirmed, this could become the biggest theft in crypto history.
More updates are coming.
Things are still in progress, so don't panic.
Let's see how this unfolds. 🤝
🚨JUST IN: The crypto community is coming together to help Binance tackle this security incident.
Coinbase CEO Brian Armstrong has also extended support.
If the $6.3B estimate is confirmed, this could become the biggest theft in crypto history.
More updates are coming.
Things are still in progress, so don't panic.
Let's see how this unfolds. 🤝
Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe.
Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information.
Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information.
🚨 JUST IN: Binance says the $6.3B security incident may be linked to a compromised DevOps engineer’s laptop, with no signs of private key leaks so far.
JUST IN: 🚨 CZ says Binance will survive, confirms user funds are SAFU, and urges calm as the team works to resolve the security issue.
UPDATE: Binance says user funds remain safe, but withdrawals are still paused until the security issue is fully resolved.
Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe.
Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information.
Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information.
