John21Crypto

I want to speak to you directly about what happened. Bottom line - your money is safe, and we're covering every loss. Our initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop. That gave an attacker access to a service container, where they submitted unauthorized withdrawal transactions. To be clear: the attacker did not simply use one engineer's permissions, and this was not a single "one-click" action. It involved a more complex attack process. Our investigation has not attributed responsibility to any individual. So far, we have found no evidence of any wallet private key leak. We'll share a detailed technical post-mortem once the investigation is complete and every fact is verified - and publish an updated Proof of Reserves once remediation is complete. What you need to know: • Your funds are safe • Binance will cover all losses from the SAFU fund and company funds • Estimated total impact: ~$6.3B, with ~$3B frozen on-chain so far, in coordination with our blockchain partners • No evidence of any wallet private key leak • Deposits are unaffected and operating as normal What we've done: • Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses • Revoked the affected address authorizations • Engaged law enforcement and blockchain intelligence partners to trace and recover funds Our team hasn't stopped. We're working closely with law enforcement to ensure the matter is handled appropriately - and I'll share what I can, as soon as I can.

Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇 $6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC! Other important numbers to consider: % of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+. Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets. Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance. Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive. Most importantly, we protect our users. (image from @MatthewRoszak)

Unconfirmed, but possibly massive binance hack. Entire Binance wallet drained into new EOA. Contract call was funded by Tornado Cash