Binance Reveals Larger Breach in $6.3 B Exploit, Postpones Sunday Withdrawal Restart

Binance CEO Richard Teng confirmed that hackers erased evidence and bypassed security checks during the $6.3 B exploit that began last month. The exchange has delayed its planned Sunday withdrawal restart and will publish a proof‑of‑reserves report on Monday to demonstrate the integrity of user funds. The incident underscores persistent vulnerabilities in major crypto exchanges and raises concerns about the security of large‑scale withdrawals.