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Investigation update: Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach. This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it. We are still gathering the facts, and will share more directly as we have them. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We are still on track towards the expected timeline to resume the withdrawal service in 45 hours. Deposits remain unaffected. The outflows ceased when we paused withdrawal service earlier. We are still working with partners to freeze many of the impacted assets, and have frozen around $3 billion thus far. We will continue to provide further updates through official Binance channels as more verified information becomes available.

BREAKING: Bitcoin crashes below $77,000 following one of the largest hack in financial recorded history. Estimated losses reach $5.6 BILLION, nearly 3.9% of Binance's entire $144 Billion in assets under custody. Binance says $3 Billion worth of stolen crypto has been frozen so far. $170 Billion wiped out from the crypto market as $1.32 Billion worth of positions were liquidated in just 12 hours.