Binance co-CEO says only exchange's own hot wallet affected, not customer funds; withdrawals on track within 40 hours

Binance co-CEO Richard Teng said only the exchange's own hot wallet was affected, not customer funds, with most user assets in cold wallets untouched. He said the attacker used a self-destruct mechanism, and Binance is rebuilding its withdrawal service, which stays off until it passes testing. Teng set Monday, Nov. 2 for a proof-of-reserves report after the breach estimated at $6.3 billion, with withdrawals targeted to resume within 40 hours.

Detected & updated continuously · Source: Nebula