Binance says wider breach found, plans Sunday withdrawal restart
In short
Binance says the hack was bigger than first thought and that withdrawals may restart on Sunday. CEO Richard Teng said hackers erased evidence and got past security checks.
This matters because users want access to their crypto and to know if their funds are safe. Binance plans to publish proof of reserves on Monday, but the full damage is still not stated.
What the reporting says
Binance said it uncovered a wider breach tied to the $6.3 billion exploit and plans to restart withdrawals on Sunday. CEO Richard Teng said hackers erased evidence and bypassed security checks, according to the reporting. Binance also plans to publish its proof of reserves on Monday, but the available reporting does not state the full scope of losses or whether all systems are restored.
Why it matters
Binance said the breach linked to the $6.3 billion exploit was wider than previously understood, and it targeted a Sunday restart for withdrawals. Richard Teng said hackers erased evidence and bypassed security checks. The exchange also plans to publish proof of reserves on Monday. The reporting does not confirm the full extent of losses, recovery status, or whether all affected accounts are protected.