Binance freezes billions after major hot wallet security breach

Community Trust Score Verified 89 % Real Verified 38 votes Updated 6 minutes ago Binance disclosed that its global hot-wallet infrastructure was compromised on October 29 at approximately 20:05 UTC, resulting in unauthorized withdrawals valued at approximately $6.3 billion. The exchange stated that withdrawals were temporarily suspended pending additional security checks and that it has frozen approximately $3 billion of affected assets on-chain. In an update issued on October 30, Binance detailed the financial scope of the incident. The company reported that the value of affected tokens was about $6.3 billion.

Source: The Currency Analytics