As a public company CEO, I'm pro tokenization of our stock for a simple reason: I want more people to own it.
Why would I alienate a potential new category of shareholders? It's just bad business. Meet the customer where they are.
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. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
https://t.co/ywB2mKFy0p
Conclusions of Token2049:
- filled with bankers and memecoin scammers
- Only topic this week was Tokenization. Heard the same discussion 359 times
- Very low quality people overall
- Barely any builders, techies, OGs
- $1000 a night hotels because of F1 weekend nearly nobody cares about
- Record high air pollution because of fires in Sumatra
Yeah this was very likely the very last time I went to Token2049.
⚠️ Beware if you use a Ledger hardware wallet, especially if you bought one recently.
Based on information so far, it seems to be localized to a supply chain attack with one vendor. A small number of people probably bought fake (or tampered) Ledgers.
Ledger is one of the most secure and oldest hardware wallets in the industry. Stood the test of time. But these things happen.
I expect and know all BNB ecosystem players (and all industry) to help trace and recover the funds.
Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices. We recommend Ledger users who purchased from this reseller in the last 90 days to not initiate set up if you have not done so yet. If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed). We will continue to inform customers of updates as the investigation progresses.
Reach out to Ledger customer support through official channels with any questions: https://t.co/4p918UH8yb
@OpenAI It's great to see that frontier AI is now cute and cuddly instead of about to wipe out humanity. Amazing the difference a couple of weeks makes.
Tokenization is coming to America.
Thanks to the SEC’s leadership, Americans can start to reap the benefits of tokenization: instant settlement, 24/7 trading, fractionalization by default and more. It’s a good day for US innovation.
Great regulatory clarity and leadership from the SEC in the face of partisan behaviour blocking the Clarity Act. Shows have far we have come as an industry.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.