Binance, the world’s largest cryptocurrency exchange, suspended withdrawals after hackers stole $6 billion from its digital wallets in what is being described as the biggest financial heist on record.
\n\nAxios reports that Binance co-founder Yi He announced on X that the exchange had suspended deposits and withdrawals following the suspected breach. “User funds are safe,” she wrote, adding, “Binance will cover all hacking losses.” Multiple reports put the amount stolen from the exchange at $6 billion in cryptocurrency.
\n\nCo-CEO Richard Teng also commented on the issue, saying, “Bottom Line — your money is safe, and we’re covering every loss.”
\n\nBinance published an official disclosure of the incident in a post on X. According to the exchange, “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.”
\n\nOn wallet security, Binance was blunt: “We have found no evidence of any wallet private key leak.”
\n\nAs for the money, the company wrote, “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.” That leaves roughly half…
Original source: https://www.breitbart.com/tech/
