Binance put the Oct 29 hot wallet incident at around $6.3B, starting about 20:24 UTC with the sweep of Binance 14 in 0x53bd…e2f3 for about 167,464 ETH plus about 1.615B USDT and 60+ tokens to 0x5227…2f8c, plus BTC, Tron and L2 outflows described as the largest hack ever.

Binance put the Oct 29 hot wallet incident at around $6.3B, starting about 20:24 UTC with the sweep of Binance 14 in 0x53bd…e2f3 for about 167,464 ETH plus about 1.615B USDT and 60+ tokens to 0x5227…2f8c, plus BTC, Tron and L2 outflows described as the largest hack ever.

Binance says a compromised DevOps engineer laptop gave access to a service container to submit withdrawals, with no private key leak found, and about $3B now frozen onchain with partners including Tether and Circle freezes. It says all losses will be covered via SAFU and company funds in its update.

Deposits remain operating normally while withdrawals stay paused for a security revamp of the withdrawal service and related addresses. Binance said Oct 30 at 04:36 UTC it expects to resume within 48 hours, meaning reopening would begin by about Dec 1? No, by about Oct 31-Nov 1, in its service update, echoed in the DefiantNews post.

That 48 hour timeline is for reopening to begin, not finish, with further details promised only through official Binance channels.