On the night of October 30, Binance suffered a major security incident — around $6.3 billion was drained from hot wallets. Preliminary reports point to a compromised DevOps engineer’s laptop. Private keys of the wallets do not appear to have been leaked.
Current status:
Current status:
- Withdrawals temporarily suspended (expected to resume in about 1–2 days)
- Deposits are working
- About $3 billion already frozen (with help from Tether, Circle and other partners)
- Binance officially stated it will cover all losses from the SAFU fund + company funds
- User funds are safe
