What We Know
Binance, the world’s largest cryptocurrency exchange, says a complex attack on its systems resulted in an estimated $6.3 billion theft, described in reports as the largest crypto heist to date.2Backed by 2 sourcesBBCAl Jazeera Binance chief executive Richard Teng said the incident involved multiple points of breach rather than a single action, and that attackers erased evidence and bypassed security checks.2Backed by 2 sourcescoindesk.comdecrypt.co
The exchange halted withdrawals while it investigated, and about $3 billion in crypto assets has been frozen by Binance and other firms.3Backed by 3 sourcesAl JazeeraReutersdecrypt.co Binance is seeking to recover the stolen funds and has discussed restarting withdrawals on Sunday and publishing proof-of-reserves information on Monday.2Backed by 2 sourcesBBCcoindesk.com
The reported attackers were alleged to be from North Korea, according to US officials.1Context from one sourceCNA
Source Comparison
Aligned reportingCorroborates
- BBC↗The report supports the estimated $6.3bn theft and Binance’s recovery effort, including plans to resume withdrawals and publish proof-of-reserves information.
- coindesk.com↗The report corroborates Richard Teng’s account of multiple breach points, erased evidence and bypassed checks, along with Binance’s planned reopening and proof-of-reserves publication.
- Al Jazeera↗The report supports the estimated $6.3bn theft, the withdrawal halt during the investigation and the reported freezing of about $3bn in crypto assets.
- Reuters↗The report supports the reported freezing of about $3bn in crypto assets following the possible Binance hack.
- decrypt.co↗The report supports the account of additional breach points and confirms that about $3bn had been frozen after the attack.