Austin, TX · Morning Edition
Finance

Binance investigates suspected multi-billion dollar cyberattack

Outlets agree Binance is investigating a major Thursday incident involving billions in affected crypto, while exact loss estimates and the security of user funds remain unclear.

a close up of a server in a server room
Illustrative photo · Tyler / Unsplash

At a glance

  • Binance opened an investigation into a suspected cyberattack that took place on Thursday.24
  • Initial estimates indicate billions of dollars in cryptocurrency were drained or stolen.124
  • Billions of dollars in crypto assets have been frozen following the incident.13

Binance, the world's largest cryptocurrency exchange, launched an investigation into a suspected cyberattack that occurred on Thursday.234

Estimates suggest that billions of dollars in digital assets were drained or stolen during the attack.124

Following the suspected breach, billions of dollars in cryptocurrency have been frozen.13

Where sources agree

  • Binance is investigating a cyberattack4 of 4
  • Billions in cryptocurrency were stolen3 of 4
  • The incident occurred on Thursday2 of 4
  • Billions in crypto have been frozen2 of 4

Who covered this

1 International3 National

Sources

  1. 1BBC NewsCrypto worth billions frozen after suspected Binance hack ↗
  2. 2AxiosBinance probes possible $5.7 billion crypto hack, possibly the biggest in history ↗
  3. 3CNBCBinance 'potential security issue' sees $2.54 billion frozen by the likes of Circle, Tether ↗
  4. 4TechCrunchBinance pauses withdrawals as hackers suspected of stealing billions in crypto ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

More from the Daily Brief