Binance said its latest investigation into the security incident suggests the breach may have initially involved a compromised laptop, but follow-up work uncovered additional points of compromise, indicating a more complex attack than first thought. The exchange said it is working with law enforcement and will cover all losses through its SAFU fund and corporate funds, while maintaining that user assets remain safe. Binance added that deposits are still operating normally and that withdrawals are still on the expected timetable, with service projected to resume in 45 hours. The company also said fund outflows stopped after withdrawals were suspended. It is now working with partners to freeze affected assets, with about $3 billion already frozen, according to the update.
Binance said its latest investigation into the security incident shows the breach may have involved a compromised laptop in the initial stage, but later findings identified additional points of compromise, pointing to a complex attack.
The exchange said it is cooperating with law enforcement and will use its Secure Asset Fund for Users, or SAFU, together with company funds to cover all losses. Binance said user funds are safe.
On operations, Binance said withdrawals are still moving forward on the expected schedule and are projected to resume in 45 hours. Deposits have not been affected.
Binance also said fund outflows stopped after withdrawals were suspended. The company is working with partners to freeze affected assets and has frozen about $3 billion so far.
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