Binance said in an investigation update that its initial review suggested the security incident may have involved a compromised laptop, while follow-up work uncovered additional points of compromise. The exchange described the case as a sophisticated attack and said it is coordinating with law enforcement while continuing to gather facts, with more information to be shared directly later.
Binance also said all losses will be covered by its SAFU fund and corporate funds, adding that user assets remain safe. The company said deposits are not affected and it still expects to restore withdrawals within 45 hours. According to the update, fund outflows stopped after withdrawals were suspended. Binance added that it is working with partners to freeze affected assets and has so far frozen about $3 billion. Further updates will be released through official channels.
Binance said in an investigation update that its initial findings suggested the security incident may have involved a compromised laptop. Later investigation work found additional points of compromise.
The exchange described the incident as a sophisticated attack. Binance said it is coordinating with law enforcement and continuing to gather facts, adding that it will share more information directly at a later stage.
On losses, Binance said it will use the SAFU fund and company funds to cover the full amount. It also said user funds are safe.
For platform operations, Binance said it still expects to restore withdrawals within 45 hours, while deposits remain unaffected. The company added that fund outflows stopped after withdrawals were suspended.
Binance also said it is working with partners to freeze affected assets and has frozen about $3 billion so far. Further updates will be provided through official channels.
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