Binance Investigation Update: Security Incident Found More Entry Points, Withdrawals Still Expected to Resume Within 45 Hours

October 30 — Binance released an investigation update stating that the preliminary investigation suggested the security incident may have involved a compromised laptop, but follow-up investigation found more entry points. This was a complex attack; Binance is coordinating with law enforcement to resolve it, is still gathering facts and will share more information directly. Binance said it will use the SAFU fund and company funds to cover all losses, and that user funds are safe.

Binance said it still expects to restore withdrawal services within 45 hours, and deposits are unaffected. After withdrawals were suspended earlier, the outflow of funds has stopped. Binance is working with partners to freeze many of the affected assets; about $3 billion has been frozen so far, and it will continue to provide further updates through official channels.