Binance hack: What happened and where the $6.3 billion went

Binance has promised to cover every customer loss after a breach it estimates affected $6.3 billion. Its recovery effort now involves several different processes, from stablecoin freezes to tracing assets that no token issuer can block. Binance has estimated that $6.3 billion in cryptocurrency was affected by its October 29 breach and pledged to cover all losses while partners have frozen roughly $3 billion. Binance’s security update says its preliminary investigation points to a compromised DevOps engineer’s laptop that may have allowed access to an internal service container and the submission of unauthorized withdrawals.

Source: crypto.news