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Binance Reports $6.3 Billion Breach, Pledges Full User Coverage

Binance reported a $6.3 billion security incident and suspended all deposits and withdrawals.

The exchange pledged to cover all user losses from its SAFU fund and company funds.

About $3 billion has been frozen on-chain, with Tether and Circle freezing major stablecoin amounts.

Bitcoin fell over 3% to a six-week low near $76,500–$77,000 amid the breach.

Binance Reports $6.3 Billion Breach, Pledges Full User Coverage

Binance reported a $6.3 billion security incident and suspended all deposits and withdrawals.

The exchange pledged to cover all user losses from its SAFU fund and company funds.

About $3 billion has been frozen on-chain, with Tether and Circle freezing major stablecoin amounts.

Bitcoin fell over 3% to a six-week low near $76,500–$77,000 amid the breach.

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South Africa Headline Inflation Edges Up to 4.5% in September

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The Greatest Minds and Ideas of All Time

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