// THE VERGE — FINANZA
Binance hackers stole $6.3 billion in record-breaking crypto heist
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$3 billion of stolen assets have been frozen so far, and Binance has promised to ‘cover all losses.’
$3 billion of stolen assets have been frozen so far, and Binance has promised to ‘cover all losses.’
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Binance has disclosed that $6.3 billion worth of crypto funds have been stolen from the platform, in what’s believed to be the biggest cryptocurrency hack on record. In a series of updates posted to X, the crypto exchange said that user funds are safe, and that around $3 billion of the impacted assets have been frozen so far.
Binance has publicly committed to covering any losses resulting from the hack. The company has an emergency reserve fund of around $1.3 billion (at last valuation) to protect user assets in these situations, and said it has also reserved over $6.34 billion of company funds to cover this incident — $5 billion of which is “already held in the exact token assets that were impacted.”
“Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach,” Binance reported on X. “This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it.”