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Binance Probes $6.3 Billion Hack as Bitcoin Falls - The Zimbabwe Mail Binance Probes $6.3 Billion Hack as Bitcoin Falls

Binance Probes $6.3 Billion Hack as Bitcoin Falls - The Zimbabwe Mail Binance Probes $6.3 Billion Hack as Bitcoin Falls
Source: thezimbabwemail.com

JOHANNESBURG – Cryptocurrency exchange Binance is investigating a suspected security breach potentially involving US$6.3 billion in digital assets, raising fresh concerns about the vulnerability of major...

Summary

  • JOHANNESBURG – Cryptocurrency exchange Binance is investigating a suspected security breach potentially involving US$6.3 billion in digital assets, raising fresh concerns about the vulnerability of major trading platforms as Bitcoin and Ethereum suffered sharp losses.
  • The exchange said an initial investigation pointed to a potentially compromised laptop belonging to a DevOps engineer, which may have allowed an attacker to access a service container and initiate unauthorised withdrawal transactions.
  • Binance temporarily suspended withdrawals while its security teams investigated the incident, traced potentially affected assets and worked with blockchain industry partners and law enforcement agencies.
  • The company said it had found no evidence that wallet private keys had been compromised and maintained that customer funds remained protected.
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