$6.3 Billion drained in just 20 minutes.
When news broke that #Binance was targeted by the Lazarus Group through a single compromised engineer's laptop, it wasn't just another crypto headline.
It was a wake-up call for the entire industry. 🧵👇
#BinanceHack#LazarusGroup
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
Binance Founder, CZ, issues big WARNING.
"If a crypto exchange can be hacked, banks are in a worse position."
"This is not just a #crypto problem. This is actually a much wider information security problem."
To security researchers and Web3 builders: What is the actual missing link here?
Why are exchanges still failing to catch this beforehand?
💭
#Binance#BinanceHack#LazarusGroup
$6.3 Billion drained in just 20 minutes.
When news broke that #Binance was targeted by the Lazarus Group through a single compromised engineer's laptop, it wasn't just another crypto headline.
It was a wake-up call for the entire industry. 🧵👇
#BinanceHack#LazarusGroup
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
$6.3 Billion drained in just 20 minutes.
When news broke that #Binance was targeted by the Lazarus Group through a single compromised engineer's laptop, it wasn't just another crypto headline.
It was a wake-up call for the entire industry. 🧵👇
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
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
🚨 NEED URGENT HELP / ADVICE from @OKX@OKXHelpDesk@star_okx & Web3 Devs!
My Windows PC died recently. I took out my SSD safely to recover my crypto wallets.
Phantom wallet restored instantly on Mac using the extension LevelDB data + password but @OKX Wallet
If anyone in the crypto / Web3 community or @OKXHelpDesk support team has dealt with this hardware-binding lock issue after a PC failure, please guide me.
Any RT or tag to @OKX developers is greatly appreciated! 🙏
#OKX#OKXWallet#Web3#CryptoRecovery#Solana#Ethereum
Is there any official offline recovery tool or CLI script from @OKXWeb3 / @OKXHelpDesk to decrypt the vaultV2 JSON if I provide the valid password and original hardware strings?
Strictly following rule: NO password resets, NO data overwrite, purely read-only recovery.