This Is What Binance Has Done Following $6.3B Hack

Binance co-CEO Richard Teng told the exchange’s customers that the company will cover all losses after a security incident estimated to have impacted $6.3 billion. Additionally, Binance has conceded that the compromised laptop, which was initially blamed for the breach, was not the only factor, as investigators have found additional points of attack. In an X post, Teng said that the initial investigations suggested that an attacker may have gained access through a DevOps engineer’s compromised laptop, which allowed them to get into a service container and submit unauthorized withdrawals.