Binance Freezes Assets After Hack

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 29 Oct

   Binance is the world’s largest cryptocurrency trading platform by volume, with hundreds of thousands of users who buy, sell and store billions of dollars’ worth of digital currencies on the exchange.

   5 outlets · NBC News
2. 30 Oct

   Stablecoin providers Tether and Circle each said they froze funds Thursday in response to the incident.

   5 outlets · The Guardian

Coverage 9 articles

• 30 Oct ‘Biggest hack in history’: Crypto giant freezes assets after $8.9b heistHackers stole approximately $8.9 billion from Binance, the world's largest cryptocurrency exchange, in an attack that analysts are calling the biggest crypto hack ever. The hackers, believed to be North Korean, targeted 10 blockchains and shifted most of the funds within about 20 minutes. Binance has since worked with partners to freeze some of the affected assets, locating around $3 billion so far and stating it…Sydney Morning Herald
• 30 Oct Crypto exchange Binance freezes assets after $6.3 billion security breachBinance, the world's largest cryptocurrency exchange, announced on October 29 that it had experienced a security breach affecting approximately $6.3 billion in assets. The company has frozen about $3 billion of the affected funds and stated it would cover all losses from the hack. Analysts believe this could be the biggest crypto heist ever, raising concerns among investors about the safety of holding digital assets…The Straits Times
• 30 Oct World's biggest ever crypto heist results in hackers making off with at least $6.3billion, exchange boss saysCryptocurrency platform Binance reported that it was targeted by hackers who stole at least $6.3 billion, believed to be the largest crypto heist ever recorded. The company stated that user funds are safe and that they are working with blockchain partners to freeze affected assets, with approximately $3 billion frozen so far. Binance suspects a compromised DevOps engineer's laptop allowed attackers access to service…Daily Mail
• 30 Oct Crypto exchange Binance freezes assets after $6.3 billion security breachBinance, the world's largest cryptocurrency exchange, reported a security breach affecting approximately $6.3 billion in assets, with about $3 billion frozen so far. The breach may have originated from a hacked engineer’s laptop, leading to unauthorized withdrawals. In response to market reactions and investor concerns, Binance CEO Yi He stated that the company would cover all losses, while analysts warn this…Dawn
• 30 Oct Billions stolen from Binance in largest ever crypto hackCryptocurrency exchange Binance suffered a significant hack on its digital funds, with attackers attempting to steal up to $6.3 billion ($8.9 billion). As of now, over $3 billion ($4.2 billion) is frozen. The breach occurred after hackers compromised a staff member's laptop and accessed "hot wallets" containing various tokens like Bitcoin, Ethereum, and stablecoins. Binance reassured users their funds are safe and…ABC News (AU)
• 30 Oct Binance says $2.54bn in crypto funds frozen amid ‘potential security issue’Cryptocurrency exchange Binance froze at least $2.54 billion in funds following what it described as a potential security issue. On Thursday, the company suspended deposits and withdrawals while investigating the matter with law enforcement agencies, assuring users that their funds remain safe. The incident caused Bitcoin’s price to drop about 5 percent, falling below $77,000. Binance founder Changpeng Zhao…Al Jazeera
• 30 Oct Crypto giant Binance freezes $2.5bn of assets over suspected hackCrypto platform Binance froze assets worth over $2.5 billion to prevent potential theft after identifying a security issue. The company temporarily suspended all deposits and withdrawals while investigating, with its former CEO Changpeng Zhao confirming it appears to be a hack. Additionally, Tether and Circle have frozen approximately $1.7 billion in potentially stolen assets. Binance assured users their funds are…BBC
• 30 Oct World’s largest crypto exchange investigating reports of potential hackBinance, the world’s largest cryptocurrency exchange, is investigating reports of a possible security breach that might have been a hack, as suggested by its founder. Stablecoin providers Tether and Circle froze funds worth over $800 million and more than $1.5 billion respectively in response to the incident. Binance has assured users their funds are safe but did not confirm any loss at the time of the announcement…The Guardian
• 29 Oct Fears of Binance hack prompt Tether, Circle to freeze over $1.5 billion in fundsBinance, the world’s largest cryptocurrency exchange, is investigating a potential security issue after large transfers raised concerns among users and the platform’s founder. Tether and Circle froze over $1.5 billion in funds related to the incident, with Tether freezing more than $1.567 billion and Circle suspending 800 million USDC. Both companies are coordinating with law enforcement to address the situation.NBC News

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