Overview
- Binance was breached in a multi‑billion‑dollar theft that removed about $6.3 billion in crypto and temporarily forced the exchange to limit services.
- Customers pulled a large amount of funds during the outage, with Binance reporting roughly $3.64 billion in withdrawals before flows stabilized.
- The company says it has replaced about 95% of the stolen assets using the $1 billion SAFU fund, parts of its futures insurance pool and company capital.
- Withdrawals have been reopened in phases, with the first phase allowing 15 tokens including Bitcoin, Ethereum, USDC, USDT and Dogecoin.
- Binance says the intrusion used a compromised laptop and anti‑forensic malware that complicates tracing, and third‑party on‑chain trackers have reported larger outflows that Binance disputes.