Crypto exchange Binance confirmed it is investigating a major security breach, with estimated stolen user funds ranging between $5.7 billion and $6.3 billion.
Binance co-founder Yi He stated that deposits and withdrawals were temporarily suspended, while around $3 billion in affected assets have been frozen with blockchain partners.
Preliminary assessments suggest the incident involved a compromised DevOps engineer's laptop and additional breach points, with services expected to resume in about 45 hours.