JUST THE NEWS · 2026-10-30 04:03 UTC

Crypto giant Binance reports $6.3 billion potential 'security incident'

Binance reported a security incident involving up to $6.3 billion in cryptocurrency, potentially caused by a compromised DevOps engineer's laptop that allowed unauthorized withdrawal transactions. The exchange has frozen approximately $3 billion in affected assets on-chain and suspended deposits and withdrawals while investigating. Binance stated it found no evidence of private key leaks and committed to covering all losses from its SAFU fund and company reserves.

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