Binance hit with security attack impacting assets worth $6.3 billion

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Binance experienced a significant security incident in the early hours of Friday morning, resulting in an estimated loss of $6.3 billion. As a precautionary measure, the exchange temporarily suspended deposits and withdrawals and froze half of the affected assets. The investigation suggests the breach originated from a compromised DevOps engineer's laptop accessing a service container to submit unauthorized withdrawal transactions. Binance has engaged law enforcement and blockchain partners to trace and recover funds, promising to cover losses from its funds.

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