Suspected hack at crypto exchange Binance

Binance says the suspected hack originated from a compromised laptop, and it is working with police and prosecutors to trace the stolen funds.

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Binance says it has been hacked, according to Bloomberg. Bitcoin fell below $77,000 for the first time in over a month.

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Binance has halted trading on its Binance Alpha platform as a precaution, the company says, according to Handelsblatt.

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Bitcoin fell about 2% to a six-week low of $77,646 in early Asian trading after the suspected Binance hack, RTE reports. Ether dropped to a two-month low of $2,238.76.

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Binance's spokesman says the estimated total impact of the security incident is about $6.3 billion, and the exchange will cover all losses.

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Binance says it has frozen $3 billion in crypto assets while it investigates a potential security breach.

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Chainalysis estimates the amount stolen from Binance at about $5.9 billion, RTS reports. Arkham Intelligence puts the figure above $5.8 billion.

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Binance says it will cover all losses from the suspected hack and has suspended all deposits and withdrawals, the BBC reports.

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Binance says at least $2.54 billion in funds have been frozen after a potential security issue, and user funds are safe.

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Binance founder Changpeng Zhao warns total losses from the apparent hack might be a bit higher than $1 billion, the Financial Times reports.

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Tether and Circle have frozen about $971 million and $823 million of suspected stolen Binance funds, co-founder Changpeng Zhao says on X.

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Binance pauses crypto withdrawals across multiple networks as founder Changpeng Zhao says the exchange is investigating a potential security incident.

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