Binance discovered a larger-than-initially-reported breach affecting $3B in assets, with funds to be restored within 45 hours via SAFU reserves.
Security & Exploits ·
Binance froze $3B in assets following discovery of additional breach points beyond those initially identified, according to the exchange's response to the incident. The platform stated it would cover all losses from SAFU reserves and company funds, with withdrawals expected to resume within approximately 45 hours. Deposits remained unaffected by the freeze.
The breach scope expanded as Binance identified multiple compromised entry vectors, enlarging the initial damage assessment. Blockchain tracking indicated exposure of 5.7B in assets related to the incident.
The timeline for full fund restoration, mechanics for reimbursement distribution, and details on which specific breach vectors were exploited remain unclear. The status of other exchange systems and whether additional vulnerabilities have been detected are not yet disclosed.