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Bitcoin Price Briefly Slides to $76,300 as Binance Confirms Hack Estimated at $6.3 Billion

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Bitcoin Price Briefly Slides to $76,300 as Binance Confirms Hack Estimated at $6.3 Billion

Bitcoin Magazine

Bitcoin Price Briefly Slides to $76,300 as Binance Confirms Hack Estimated at $6.3 Billion

Bitcoin traded in the $76,300 range on Thursday as Binance confirmed a security breach that the exchange estimates at $6.3 billion in total impact. The figure would place the incident among the largest cryptocurrency thefts on record. 

Earlier in the session, bitcoin reached a 24-hour high of $81,890 before the selloff, as millions in leveraged long positions were liquidated.

In a post on X, the exchange said its initial investigation suggests the incident may involve a compromised DevOps engineer’s laptop. The attacker reportedly gained access to a service container and submitted unauthorized withdrawal transactions. The exchange said it has found no evidence of a wallet private key leak. 

“The estimated total impact sits at around 6.3B. We have worked with blockchain partners to freeze affected assets, with ~3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete,” Binance posted on X

The $6.3 billion estimate is higher than earlier figures, which ranged from $2.7 billion to $5.8 billion. The exchange said it has worked with blockchain partners to freeze affected assets, with about $3 billion frozen onchain so far. 

“We will share a detailed technical post-mortem once the investigation is complete and the facts are verified,” the company said.

567 billion USDT, and Circle also froze USDC tied to the suspected attacker.


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