Security
Binance Estimates Hot-Wallet Attack Impact at $6.3 Billion
TokenPost·October 31, 2026·1 min read
Binance estimates a hot-wallet attack impact at $6.3 billion, revealing about $3 billion in affected assets were frozen on-chain. The exchange prepared more than $6.34 billion in company funds to cover losses. The incident underscores vulnerabilities in exchange custody, though recovery efforts appear to be mitigating user exposure.
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