As it happened: Binance’s record $6.3 billion crypto hack
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Compiled by KHAO Editorial
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How Binance’s $6.3 billion hack unfolded, from the first onchain alerts to $3 billion in frozen funds and a widening security investigation.
Key facts
The update came after the Arbitrum Security Council said it executed a transaction to freeze $30.5 million from the Binance exploit, involving 74.6 million Arbitrum (ARB) and 8,425 Ether (ETH)
How Binance’s $6.3 billion hack unfolded, from the first onchain alerts to $3 billion in frozen funds and a widening security investigation
Bitcoin traded near $76,937, down 4.9% over 24 hours, according to CoinGecko
In a post on X, Levin put the theft at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact
Summary
Binance says the estimated total impact is around $6.3 billion and the verified total value of crypto frozen is $3 billion. Binance says deposits are operating normally, and withdrawals are expected to resume as scheduled. Assets frozen include Tether USDt (USDT), USDC (USDC), Ripple USD (RLUSD), World Liberty Financial USD (USD1), StraitsX USD (XUSD), USDT0 (USDT0), Wrapped Beacon ETH (WBETH), Tether Gold (XAUT), Pax Gold (PAXG), Pax Dollar (USDP) and Arbitrum (ARB). Binance says investigators have uncovered additional points of breach after initially pointing to a potentially compromised engineer’s laptop.