Binance Reports $6.3 B Impact from Unauthorized Withdrawals, Covers Losses

Binance says a security incident involving unauthorized withdrawals has caused an estimated $6.3 billion in total impact, with about $3 billion frozen on‑chain so far. The exchange claims it will cover all losses from its SAFU fund and company funds, and user funds are safe. Deposits and withdrawals are suspended while the investigation continues. Circle and Tether have frozen roughly $823 m and $971 m of stablecoins tied to the incident. On‑chain analysis links the Binance exploit to the $388 m Bitget hack, suggesting a common attacker. Binance’s initial investigation points to a compromised DevOps engineer’s laptop that allowed unauthorized service‑container access, with no evidence of a private‑key leak.