Binance reported a security incident affecting ~$6.3 billion in assets, surpassing previous heists.
Initial findings suggest a compromised DevOps engineer laptop allowed access to a service container for unauthorized withdrawals, with no evidence of private key leaks.
According to the company, initial investigation indicates that an engineer's laptop was compromised, allowing someone to gain access to a service system and send unauthorized withdrawal commands.
Binance clarified that there is no indication that digital wallet keys were leaked. At the same time, it announced that it will fully cover all losses from its security fund and its own funds.
How much money has been frozen?
So far, nearly $3 billion of affected assets have been frozen directly on the networks.
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Specifically, Tether announced that it has frozen more than 1,567 billion USDT and Circle said it has frozen 800 million in connection with the incident. In addition, the Arbitrum network security council blocked a transaction worth approximately $30,5 million.
The measures taken by the company
As a precautionary measure, Binance has taken the following actions:
- It temporarily suspended deposits and withdrawals until security checks are completed.
- Cancel the approvals of the affected address.
- It is working with the police and digital data analysis experts to locate and recover the money.
The biggest digital heist to date
Analytics firm Chainalysis estimated the amount stolen to be approximately $5,912 billion at the time of the theft.
This incident surpasses the theft of approximately $1,5 billion from the Bybit platform in February 2025, making it the largest cryptocurrency heist recorded to date.
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