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Binance Suffers $6.3 Billion Hack, Pledges to Cover All User Losses

Image: CryptoPotato

The world’s largest cryptocurrency exchange, by means of both users and trading volume across the board, has been hacked. Not a System Compromise According to a recent announcement, the 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.” Binance further revealed that they haven’t found any private key leak, pledging to share a detailed technical post-mortem as soon as the investigation is complete. 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 key leak.

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