Binance hack update: Still no evidence of any wallet private key leakage found, technical review report to be released

BlockBeats news, October 30 - Binance CEO Richard Teng posted an update on the theft incident, stating that Binance user funds are safe, and all losses will be fully covered by the SAFU fund and company funds. Preliminary investigation shows that the security incident may have started with the compromise of a DevOps engineer's laptop, after which the attacker gained access to a service container and submitted unauthorized withdrawal transactions within it. Richard Teng emphasized that the attacker did not simply exploit a certain engineer's permissions, nor did they complete the attack with a single "click"; the entire process involved more complex attack steps. The investigation has not yet attributed responsibility to any individual. As of now, Binance has not found evidence of wallet private key leakage. The incident is estimated to have caused approximately $6.3 billion in losses, of which about $3 billion has been frozen through on-chain collaboration.

Binance has taken the following measures:

Suspended withdrawal services to complete security upgrades for withdrawal services and related addresses;

Revoked authorizations for affected addresses;

Collaborated with law enforcement and blockchain intelligence partners to track and recover funds.

Richard Teng stated that user deposits are unaffected and currently operating normally. After the investigation is complete and all facts are verified, Binance will publish a detailed technical retrospective report and update the proof of reserves after completing remediation.