Discussion

• @binance @binance on x

  Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer's laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private…

• @_richardteng Richard Teng on x

  I want to speak to you directly about what happened. Bottom line - your money is safe, and we're covering every loss. Our initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop. That gave an attacker access to a service …

• @cz_binance @cz_binance on x

  User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.

• @paoloardoino Paolo Ardoino on x

  Tether froze more than 1.567B USDT related to a potential Binance exchange hack. Protecting the industry and our partners is our main priority. Stay safe everyone.

• @binance @binance on x

  Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have ve…

• @jerallaire Jeremy Allaire on x

  Circle is closely tracking reports of a potential exploit involving Binance. In coordination with law enforcement, we have frozen more than 800M USDC associated with the incident and will continue supporting the investigation.

• @cz_binance @cz_binance on x

  @elonmusk @HuaweiMate6 Elon, have a lot of respect for you, but bad time to troll. Please stop. Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion. Would appreciate if you show a little support. Thanks!

• @elonmusk Elon Musk on x

  Everyday is Zeroday

• @binance @binance on x

  We are aware of differing figures circulating publicly regarding the amount frozen, including references to $1.8 billion. For clarity, the current verified total frozen is $2.54 billion. This figure may continue to increase as our teams work closely with law enforcement, issuers,…

• @binance @binance on x

  As part of our ongoing security measures, Binance Alpha trading has been temporarily suspended - CEX Buy Token/Alpha instant/CEX purchase prediction marketing using fund in spot wallet. Trading will resume once the security issue is resolved. User funds remain safe. We'll keep yo…

• @heyibinance Yi He on x

  We are aware of reports of a potential security issue and we are actively investigating. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should rem…

• @binance @binance on x

  Our teams are aware of reports of a potential security issue and are actively investigating. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should…

• @lookonchain @lookonchain on x

  Attention! The Binance hacker is now dumping $PEPE, $UNI, $LINK, and other tokens on-chain for $ETH. Please note: The hacker still holds large amounts of the following altcoins, which could face heavy selling pressure: 217.497M $ENA ($39.51M) 7.579T $PEPE ($34.41M) 2.575M $LINK (…

• @cz_binance @cz_binance on x

  @cryptobball ... Rough math: $6.x b hack, $3b frozen, $1.x b SAFU fund Gap is about $2b, we have $1.x billion in SPCX alone. Remaining gap is (still painful, but) manageable. 🙏

• @brian_armstrong Brian Armstrong on x

  Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help. Moments like this call for the industry to work together. Openly sharing any useful information and helpi…

• @spreekaway @spreekaway on x

  Unconfirmed, but possibly massive binance hack. Entire Binance wallet drained into new EOA. Contract call was funded by Tornado Cash

• @mastrxyz @mastrxyz on x

  You incompetent, non-MiCA-compliant CEX gave a single DevOps engineer access to $6.3 billion in funds. …

• @jconorgrogan Conor on x

  I think the number is potentially up to $5.8B. Tether has blacklisted a large portion of this.

• @starplatinum_ @starplatinum_ on x

  It's pretty clear that Elon Musk can't stand CZ They've been taking shots at each other for years. …

• @roaringragnar Ragnar on x

  Serious question: what's the point of holding assets that can be frozen at any time? I understand that freezing is useful in such scenarios, but not sure this is helping to build confidence long-term. What if one day such freezes will be performed for political, demographic or be…

• @danprimack Dan Primack on x

  Wondering if this will become known as Crypto Halloween

• @arunimaganguly2 Arunima Ganguly on x

  6 years ago, @cz_binance said binance used multi-sig, tss, and other security technologies to eliminate single points of failure. …

• @buccocapital @buccocapital on x

  They're all so close to getting it

• @eleanorterrett Eleanor Terrett on x

  🚨NEW: Lots of people are asking: “Binance just got hacked for $6 billion.  How can they say funds are safe?” …

• @simplykashif Kashif Raza on x

  Richard Teng clarifies that the Binance hack went far beyond compromising one engineer's computer. Compromising an engineer's laptop was only the starting point. Investigation is still ongoing. [embedded post]

• @skuullls @skuullls on x

  Binance spent years telling users their funds were SAFU.  But now, approximately $6.3 BILLION …

• @eddie_walker_ Eddie on x

  Times like these show how important strong leadership really is, With @cz_binance , @_RichardTeng and @heyibinance I have faith in Binance and its team. Binance has assured users that their funds are safe and all losses will be covered through SAFU and company funds. There's alre…

• @fiskantes @fiskantes on x

  Binance SAFU fund sits at around 1bn to 1.3bn Binance needs to pay the rest from company balance sheet The new NAV of the SAFU fund is thus - 1.7bn to -2bn [embedded post]

• @ripchillpill @ripchillpill on x

  I wouldn't trust Binance if my life depended on it at this point [embedded post]

• @zachwitkoff Zach Witkoff on x

  USD1 has taken proactive steps to freeze the $27 million in USD1 associated with the @binance hack. We stand by our industry partners. Protecting users and preventing bad actors from moving stolen funds is a shared responsibility.

• @hamybinance @hamybinance on x

  Users are protected. Recovery is underway. Transparency stays the priority. We'll keep sharing verified updates as the investigation moves forward. [embedded post]

• @leveredusts Matt Dines on x

  It's like the screenwriters aren't even trying anymore. Literally just giving the audience the same copypasta from the 2022 season. [image] [embedded post]

• @tayvano_ Tay on x

  I don't think people can understand the scale of how big this hack was. The prior biggest hack ever was Bybit @ ~$1.5 billion. In the hours following this hack, 2x that amount was *frozen.* And theres still more than that that wasn't frozen. It's completely insane. 😭 [embedded po…

• @llamarisk @llamarisk on x

  An update on the Binance hot wallet hack and @aave's response. - What happened, - What we did, - Market impact, and - Next steps. https://governance.aave.com/ ...

• @cz_binance @cz_binance on x

  Loss might be a bit higher than that, but will cover. 🙏

• @cz_binance @cz_binance on x

  🙏🙏🙏 life saver [embedded post]

• @coffeebreak_yt Coffeezilla on x

  $6 billion in stolen funds because of a compromised employee laptop? 😬 [embedded post]

• @devops_nk @devops_nk on x

  One compromised DevOps engineer's laptop cost Binance an estimated $6.3 BILLION. …

• @mdudas Mike Dudas on x

  if the largest exchange in crypto can lose more than $6 billion from a single employee's laptop, we're a clown car of an industry and should honestly take the ball and go home, surely there has to be something more complex than this at play, otherwise wtf are we doing here?

• @hyperdailytk @hyperdailytk on x

  Binance hack could be another catalyst pushing more attention toward Hyperliquid Whenever trust …

• @pinkyndthegainz Pinky on x

  Binance exploiter is using... metamask bridge?? That has to narrow this down to a total of like 10 people. [image] [embedded post]

• @xbtoshi @xbtoshi on x

  The Binance $5.6B drain is a masterclass in modern EVM exploitation.  It wasn't a complex logic bug. …

• @bohines Bo Hines on x

  This is what responsible leadership looks like. In moments of crisis, decisive action matters. Protecting users, preserving trust, and safeguarding the broader digital asset ecosystem must always come first. Proud of the Tether team for always stepping up when it matters most. [e…

• @mattjay Matt Johansen on x

  A single engineers laptop got popped and caused billions to be stolen. [embedded post]

• @tanuki42_ @tanuki42_ on x

  I am confident this is UNC4899/TraderTraitor. Cybersecurity research firms @trmlabs and Pangolin Intelligence said the heist appears to have been conducted by North Korea's TraderTraitor hacking group. https://www.wsj.com/...

• @xbtoshi @xbtoshi on x

  binance official post-mortem just dropped: $6.3b affected, caused by a single devops engineer's laptop getting compromised. …

• @cagrimbakirci @cagrimbakirci on x

  Binance got hacked and hackers stole at least 3 billion dollars worth of coins, in possibly the largest cryptocurrency hack of all times. https://www.wsj.com/...

• @matthewmadera Matthew on x

  After years of repeated CEX hacks, I still don't understand how outgoing transfers of this size …

• @healthranger @healthranger on x

  So because Binance got hacked with billions of dollars worth of crypto stolen, they may have locked up YOUR account, too. Y'know, just as a precaution. If you don't have self-custody, you don't own it! This largest robbery in human history just made the case — yet again — for phy…

• @skesslr Sam Kessler on x

  NEW: North Korea appears to have been behind today's $6.3 billion Binance hack according to cybersecurity researchers. h/t @trmlabs @tanuki42_ [Gift link] https://www.wsj.com/...

• @realallincrypto @realallincrypto on x

  Such a bad look for the entire crypto industry [embedded post]

• @crackerfun @crackerfun on x

  this is why accountability matters. binance gets hit, and theres an institution, a face, and a team to answer for it. anon platforms get hit and your liquidity vanishes into a ghost town with nobody to look at. build on platforms with names, faces, and real infrastructure. cracke…

• @dontbsalti @dontbsalti on x

  “your funds are safe” feel like I heard that one before [embedded post]

• @suburbandrone @suburbandrone on x

  Something called the “Binance” just got hacked and it could be the largest Crypto fraud in history …

• @coinbase @coinbase on x

  Coinbase is safe and secure. We're actively monitoring the Binance situation, and have reached out to their team to offer our support.

• @seancasten Sean Casten on x

  If you want to understand the crypto ecosystem just ask yourself how big the run would be if this happened to a real bank with real money on deposit. And compare that to what is happening here. https://www.wsj.com/...

• @nathanmccauley Nathan McCauley on x

  On the Binance situation: we're aware, we're in touch with our clients, and we're unaffected. All assets held in custody at Anchorage Digital Bank and Anchorage Digital Singapore remain segregated, secure, and fully under our control. We're working with the industry to prevent fu…

• @zachxbt @zachxbt on x

  Update: This brings the total frozen for the Binance exploit so far to over $2.83B

• @coffeebreak_yt Coffeezilla on x

  Horrible hack today at Binance, looks like ~$5.8B+ drained, ~$2.5B frozen. Binance will survive thanks to their enormous size, & the freezes helping, but a smaller exchange would be toast. Scary times.

• @theunipcs @theunipcs on x

  the silver lining to all of this is that Binance will be fine i do not believe there is a systemic risk here Binance reportedly makes $16-$17 billion in annual revenue almost half of the total amount involved in the incident has already been frozen or is potentially recoverable t…

• @obrainarc @obrainarc on x

  Protecting users means protecting the entire crypto ecosystem.  Huge respect to @circle …

• @zachxbt @zachxbt on x

  BREAKING: Arbitrum Security Council has executed a transaction to freeze ~$30.5M from the Binance Exploit. Thanks to all other signers involved. Exploiter address 0x3E2bf1ac6bf0934BBba6456C341c2EcbCED63 2d5 Trsanction hash: 0xb69c81774f507d46ce776aeaed8b4d31df96d d66ce6fd05073481…

• @arpitrage Arpit Gupta on x

  It's a dark forest in crypto, but will soon be a dark forest for everyone. Just a regression to a low trust society as everything gets hacked

• @tiffanyfong Tiffany Fong on x

  Aw shit here we go again [image] [embedded post]

• @matthew_d_green Matthew Green on x

  Cryptocurrency is like the technical heat shield for society. It's a big pile of money that attackers will burn before they go after everything else we care about.

• @justinsuntron @justinsuntron on x

  We are closely monitoring the Binance security incident and will provide assistance at the earliest opportunity. @binance @cz_binance @heyibinance

• @thetraderoom_ Mayank Raj on x

  Feels like every other morning I wake up to another crypto exchange hack. Now reports of a massive hack at Binance. [embedded post]

• @mert @mert on x

  binance being the largest hack in internet history on the same day that druck and elon post about hyperliquid is some truly insane simulation shit

• @intcyberdigest @intcyberdigest on x

  ‼️ UPDATE ON THE BINANCE HACK: Whoever emptied a Binance hot wallet had 50 authorisations signed with that wallet's own private key, on-chain data shows. Under Ethereum's EIP-7702, an authorisation is a signed permission that lets a wallet hand control of itself to code. Each one…

• @benbybit Ben Zhou on x

  Bybit is unaffected and operating normally. User funds remain safe. We stand with @Binance and the broader crypto community during this time and offer our support. Security is a responsibility we all share, and our team is ready to support wherever we can.

• @cz_binance @cz_binance on x

  Thank you! 🙏🙏🙏

• @bybit_official @bybit_official on x

  We're aware of reports circulating across social media regarding a security incident affecting multiple platforms. Bybit is not affected. Our systems are operating normally, trading and withdrawals remain available, and user assets remain secure. We are monitoring developments cl…

• @patio11 Patrick McKenzie on x

  This is probably going to be pretty bad for a while. How long? Nobody really knows yet. The backlog of vulnerable software seems to me to be ~decades in length and we have not yet reached anything like consensus on “Give AI alllll the keys; that will work things out.”

• @patio11 Patrick McKenzie on x

  Turns out Polymarket probably not the financial industry's largest operational loss today. I (regretfully) speculate this is not primarily because crypto is uniquely incompetent at software and simply because they're the lowest hanging fruit to successfully monetize.

• @star_okx @star_okx on x

  Circle and Tether did a Great job this time.  The crypto industry, including exchanges …

• @grady_booch Grady Booch on x

  Great time for another sequel to Oceans 11. I'd call it Tokens 11 https://www.coindesk.com/...

• @zerolore @zerolore on x

  Tether is the most positive force in this industry. Their response time in these incidents is unreal. Doesn't matter if it's a major CEX or a small protocol, the urgency they apply is the same. The rest of the industry should be taking notes. [embedded post]

• @boringbiz_ @boringbiz_ on x

  Binance users watching their money disappear in the largest heist in crypto history

• @icebergy @icebergy on x

  somehow got the worlds fastest court order to freeze when it impact business but not for any of the other billions of hacks [embedded post]

• @0x_osprey @0x_osprey on x

  Holy shit this is a full onchain movie Binance was fighting back in real time

• @vxunderground @vxunderground on x

  As chaos and mass confusion sweeps through the cryptocurrency and “prediction market” space …

• @muneeb @muneeb on x

  A master class in communication by CZ. As @lulumeservey preaches: go direct. People want to hear from the founder—a human voice in a time of crisis. Calm tone. Fast response. Starts with the most important line: user funds are safe. Acknowledges the hack. Direct line about the re…

• @andrewcurran_ Andrew Curran on x

  Tether CEO:

• @investanswers @investanswers on x

  From the horses mouth, the Binance hack is real. Looks like Tether and @circle have saved $1.8bn already. [embedded post]

• @deestar @deestar on x

  Binance hack confirmed Tether working Binance has recovered $1.794 billion while the attacker successfully > swapped ~700M USDT → ETH via uniswap pool > ~60M USDT parked in Aave to borrow ~19.8k ETH. > ~175M USDT was moved to a fresh address a total of $315 million in unfreezable…

• @hansonbirringer Hans on x

  Binance hot wallets were drained of $5.60B today across Ethereum, Bitcoin and Tron, 67 assets in total. Tether and Circle have so far frozen $2.38B of it: $1.56B USDT ($1.18B on Ethereum, $379M on Tron) and $823M USDC. Not frozen: 18,270 BTC ($1.45B), 197K ETH ($451M) and about $…

• @theflowhorse Ryan Rossi on x

  Hey thanks I think I will just use Dexes, Citi, and Goldman Sachs from now on! [embedded post]

• @stevie_satoshi Steve Gregory on x

  User funds on @BinanceUS are totally separate unaffected! @binance is a wholly separate entity and no asset custody is shared between us. [embedded post]

• @mert @mert on x

  this would be the largest crypto hack in history by at least a multiple if confirmed actually might be the largest cyberattack in general for all internet regardless of crypto one silver lining is that binance is rich enough to make everyone whole

• @crediblecrypto @crediblecrypto on x

  Looks like 1.7B of the hacked funds have been frozen, leaving a difference of 1-2B max. As previously mentioned, Binance paid 4B to the US gov not too long ago, 1-2B of funds is a hit, but not a death blow. Panic may be overblown. [embedded post]

• @cryptogodjohn John on x

  Funds are safe according to CZ Majority of the hacked funds have been frozen. I think this will be one big shake out and we can go higher from here if we close above 79,300 Above $80k would be really encouraging [embedded post]

• @vxunderground @vxunderground on x

  Cryptocurrency nerds now believe Binance has been compromised. The Binance compromise appears to have occurred at approx. the same time as the Polymarket compromise. However, details are still fuzzy as we are currently witnessing this massive crypto theft in real time. The estima…

• @treenewsfeed @treenewsfeed on x

  TreeAI flagged a possible theft from Binance Hot Wallets, withdrawing billions in over 60 tokens to an address funded by Tornado Cash, 16 minutes ago. Details are still unclear. Tx: 0x53bd38b816c23e74134786c29a8c18d792777 998a3b9326047b583100e88e2f3

• James Ang James Ang on linkedin

  The scale of the latest Binance hack is a stark reminder of how sophisticated and global crypto-related threats have become. …

• Eric Leon Eric Leon on linkedin

  Yesterday, Binance, the world's largest crypto exchange, suspended all deposits and withdrawals after being hit by what's being called the biggest crypto heist in history. …

• @proflhunter Larry Hunter on bluesky

  Crypto is the first practical way to steal $6B  —  www.coindesk.com/business/202...

• @molly.wiki Molly White on bluesky

  It looks like Binance is getting drained right now, across multiple hot wallets, for $2B and counting.  —  Pretty normal for exchanges to migrate wallets, NOT normal for them to then swap to Tether and dump [image]

• @molly.wiki Molly White on bluesky

  Binance founder Changpeng Zhao, who is legally not allowed to have any managerial role with the company yet still has remarkable amounts of inside knowledge into its goings on, has tweeted that Tether and Circle have frozen around $1.8B  —  (he's just a shareholder, you see) [ima…

• r/technology r on reddit

  Binance Founder Says Exchange May Be Victim of Biggest-Ever Crypto Heist

• r/anime_titties r on reddit

  Binance loses $5.7 billion in largest crypto hack to date

• @binance @binance on x

  Binance reveals that a follow-up investigation has found “additional points of breach” beyond a possibly compromised laptop and says this was a “complex attack”

• @tuannguyen_6789 @tuannguyen_6789 on x

  CZ rarely uses money to threaten or pressure anyone. But during one of Binance's toughest moments, some people took their jokes too far, crossing a line even someone as patient as CZ wasn't willing to ignore. Even when that person is incredibly wealthy and someone CZ deeply respe…