Bloomberg

Binance Founder Says Possible Hack of Exchange

Binance co-founder claims $6.3 billion crypto heist, withdrawals resume Sunday.

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Binance Founder Says Possible Hack of Exchange

Binance co-founder claims $6.3 billion crypto heist, withdrawals resume Sunday.

In brief

Binance co-founder claims $6.3 billion crypto heist, withdrawals resume Sunday. Binance co-founder Yi He says hackers stole $6.3 billion from exchange, with withdrawals expected to resume by Sunday. Originally reported by Bloomberg.

Binance Hack

Binance co-founder Yi He says hackers stole $6.3 billion from exchange.

“Binance Estimates $6.3 Billion Hacked in Crypto's Biggest Heist”

Withdrawals Suspended

Binance suspended withdrawals after hack, pledging to cover all losses.

“The world’s largest crypto trading platform suspended withdrawals and pledged to cover all losses”

Assets Frozen

About $3 billion of assets frozen on blockchain networks.

“Binance said in a post on X that about $3 billion of the assets had been frozen on blockchain networks”

Withdrawals Resume

Withdrawals expected to resume by Sunday according to co-founder.

“In another post, co-founder Yi He said withdrawals were expected to resume by Sunday”

The takeaway

Binance co-founder Yi He says hackers stole $6.3 billion from exchange, with withdrawals expected to resume by Sunday.

Read the original on Bloomberg

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