Binance outlines withdrawal restart and loss coverage after security breach
Binance says deposits are operating while withdrawals remain paused, and plans a phased restart after security checks. It has also described how it intends to cover losses.
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Binance pauses deposits and withdrawals during security investigation
Binance has suspended deposits and withdrawals during a security investigation. Its initial findings point to a DevOps engineer’s compromised laptop and an estimated impact of about $6.3 billion; the exchange says it will cover all losses and has frozen about $3 billion.
Binance investigates security issue after large transfers from linked wallets
Large amounts of crypto left wallets associated with Binance, according to on-chain data and media reports. Binance says it is investigating a potential security issue; the company has not confirmed the cause or total losses.
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