Binance says its Oct 29 hot wallet drain of about $6.3B started with a compromised DevOps laptop reaching a service container, then its Oct 30 update found additional breach points in what it calls a complex attack.

Binance says its Oct 29 hot wallet drain of about $6.3B started with a compromised DevOps laptop reaching a service container, then its Oct 30 update found additional breach points in what it calls a complex attack.

About $3B is frozen on chain, up from $2.54B, including 1.567B+ USDT by Tether and 800M+ USDC by Circle plus Ripple, Arbitrum and WLFI freezes. Frozen means blacklisted in place, not recovered. About $3B remains liquid, mostly BTC and ETH.

Binance says user funds are safe and it will cover all losses from SAFU and company funds, reserving over $6.34B with $5B already in the impacted assets per its latest post.

Withdrawals stay paused for a security revamp, expected back in about 45 hours from the Oct 30 update, while deposits work normally. BNB quotes about $702.5 on Binance spot, down about 5.3% in 24h.