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Approximately $3 billion in affected assets have been frozen on-chain, while Binance has committed to covering all losses.
Binance said its preliminary investigation pointed to a compromised laptop belonging to a DevOps engineer as the possible entry point for Friday’s security breach, which prompted the exchange to suspend deposits and withdrawals.
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private… pic.twitter.com/5REncAI77y
— Binance (@binance) October 30, 2026
The exchange’s initial investigation found no evidence of a wallet private key leak, while estimating the incident’s total impact at around $6.3 billion.
Binance has frozen approximately $3 billion in affected assets on-chain and pledged to cover all losses through its SAFU fund and company funds. It has temporarily suspended deposits and withdrawals and is working with law enforcement and blockchain intelligence partners to trace and recover the assets.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
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