Binance has been hacked

[Shadiq]

This unexpected incident may have surprised us all. This is nothing new for Binance, they have been hacked before. This is the second time they have faced the same incident and it was the largest hack in crypto history, with losses amounting to $6.3 billion. Although they are still assuring that they will recover the funds very soon, they have already started working on it.
What surprised me the most was the inclusion of North Korea. It is believed that there may be a possibility of North Korea being involved.

The incident also affected me. Although there is not much money in the Binance account, about 60% of the funds of Shadiq's Interest-Free Loan Service are frozen as a result of this incident. Unfortunately, the funds are mostly spread among the borrowers, and only a few days ago the funds were returned to me. Today, when I opened the fund to make another loan, I found my funds frozen. If this incident had happened a few days ago or a day later, it might not have affected me, but for now it is affecting me and Shadiq's Interest-Free Loan Service. Hopefully, the situation will normalize very soon and our funds will be intact.

[sokani]

Large outflows amounting to possibly $2b had been noticed from Binance hot wallets and they've temporarily suspended withdrawals.
Read more Here

Omo, dis one nah sad news o. E be like say dis time nah all di popular exchanges dey collect woto-woto. First, e start with Bybit, Bitget follow and now Binance and I know say as usual dem go pin am for Lazarus group head.

I'm making this post to alert those that use it in receiving signature payments, especially as Rainbet payment is expected anytime soon. You can reach out to your managers and tell him to hold or provide a new wallet address. We don't know for how long withdrawals would be disabled.

Dis one nah one of many downsides of using a cex to receive campaign payment. Any person wey dey affected, I hope him go learn di hard way so that next time him no go do am again.

[Obari]

Thanks for the heads up!

I hate reading crypto vulnerabilities these days, as they are too much and it's becoming annoying. More than $6B crypto worth has been reportedly affected. However, Binance is a big exchange, so this will pass. They indicated they would restore withdrawal within 48 hours. Let's see if they would be true to their words.

I don't use to doubt their words because I know binance is already a very big company and if you noticed, the price of bitcoin was affected as a result of the news as it dropped but according to the news, the $91m was frozen by Tether but I don't know if Binance have been able verify the news but since they said withdrawals will be restored after 48 hours, then we just have to keep our fingers crossed and see if they would keep
To their words but for the mean time, I think internal withdrawals are still going through and p2p services are still available so users can as well explore those other options.

[Xackie]

This unexpected incident may have surprised us all. This is nothing new for Binance, they have been hacked before. This is the second time they have faced the same incident and it was the largest hack in crypto history, with losses amounting to $6.3 billion. Although they are still assuring that they will recover the funds very soon, they have already started working on it.
What surprised me the most was the inclusion of North Korea. It is believed that there may be a possibility of North Korea being involved.

The incident also affected me. Although there is not much money in the Binance account, about 60% of the funds of Shadiq's Interest-Free Loan Service are frozen as a result of this incident. Unfortunately, the funds are mostly spread among the borrowers, and only a few days ago the funds were returned to me. Today, when I opened the fund to make another loan, I found my funds frozen. If this incident had happened a few days ago or a day later, it might not have affected me, but for now it is affecting me and Shadiq's Interest-Free Loan Service. Hopefully, the situation will normalize very soon and our funds will be intact.

I am even hearing that it could take up to 48-72 hours before the withdrawal options becomes available again. The only thing I am glad about is that CZ and binanace on X assured the people that their funds are safe. Hadn't been the funds weren't safe , there would have been alot of uproar from people on the Internet.  I don't know how North Korea are always the alleged culprit for this hacking activities.  How do they go about it? And always go scot free without any punishment. I know that they are isolated and kind of cut off from the rest of the world. Now big Exchanges and wallets are now vulnerable to hackers , no one looks safe again.