Binance Pegs Hot-Wallet Losses at $6.3 Billion, Vows to Cover Them as TRM Points to North Korea
Photo: Unchained
The exchange says a compromised engineer’s laptop may be to blame and expects withdrawals back within 48 hours; ZachXBT says the loot crossed paths with Bitget exploit funds at one address. Binance now estimates the total impact of Thursday’s drain of its hot wallets at about $6.3 billion , well above the roughly $3.5 billion Unchained counted on Ethereum alone . In a post on X early Friday UTC, the exchange said its initial investigation “suggests that the security incident may involve a compromised DevOps engineer’s laptop,” letting an attacker into a service container to push through unauthorized withdrawals.
Source: Unchained
