Binance Hit by RECORD BREAKING $6.3 Billion Hack - CEO Announces When Withdraws Will Resume...

15 hours ago 5

Rommie Analytics

A fractured golden digital vault releases tokens across networks while some are trapped in blue containment fields

Binance is promising to absorb a roughly $6.3 billion hack, but customers are still waiting for the withdrawal button to work again.

The attack struck on October 29, and the exchange's October 30 updates describe an investigation that has expanded beyond an initially suspected compromised laptop. Binance says it has reserved more than $6.34 billion of company funds to cover the stolen assets. About $5 billion is already held in the affected tokens, with purchases of the remainder underway. In his latest video transcript, co-CEO Richard Teng said the rebuilt withdrawal service would reopen only after rigorous testing. He said the Sunday deadline remained on track, while expressing hope that users co...

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