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Jacob PhillipsLive reporter<\/p>\n
How Binance has responded to the hack so far – a timelinepublished at 10:03 GMT<\/p>\n
10:03 GMT<\/p>\n
Jacob Phillips
Live reporter<\/p>\n
![\"The](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/10\/00a72adc-1de3-4443-9c80-ce5fc818144e.jpg.webp\")
Image source, Getty Images<\/p>\n
Binance first announced that it was investigating a security issue on Thursday evening. By Friday morning the estimated impact had passed $6bn (\u00a34.47bn).<\/p>\n
We’ve pieced together a timeline based on what the crypto trader has said so far – here’s what to know:<\/p>\n
Thursday<\/p>\n
21:29 GMT Binance says it is “actively investigating” a potential security issue but reassures users that their funds are “completely safe”.<\/p>\n
22:33 It says its team is conducting security checks and that withdrawals will resume “as soon as the security issue is fully resolved”. It repeats that user funds remain safe.<\/p>\n
23:06 Trading on platform Binance Alpha is temporarily suspended.<\/p>\n
23:22 Binance says it has frozen $2.54bn (\u00a31.89bn) in assets and explains the figure may increase as it works closely with law enforcement, issuers, blockchain intelligence firms and industry partners.<\/p>\n
Friday<\/p>\n
00:13 Binance announces it will cover all loses and that as a precaution all deposits and withdrawals have been temporarily suspended.<\/p>\n
00:52 Binance announces that the total frozen assets have risen to around $3bn (\u00a32.24bn).<\/p>\n
02:25 Binance says its initial investigation suggests the security incident may have involved a “compromised DevOps engineer’s laptop” which allowed the hackers to gain access and submit unauthorised transactions. It says the estimated impact is around $6.3bn (\u00a34.7bn).<\/p>\n
07:37 Richard Teng, Binance’s co-CEO, reassures users: “Your money is safe and we’re covering every loss.” He says the hack “was not a simple ‘one click’ action” but a “more complex attack process”. He says that the investigation has not “attributed responsibility to any individual”.<\/p>\n
08:47 Binance says it has uncovered additional “points of breach” as well as the compromised laptop. It says it is on track towards resuming withdrawal services in 45 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"How Binance has responded to the hack so far – a timelinepublished at 10:03 GMT 10:03 GMT Jacob…\n","protected":false},"author":2,"featured_media":661578,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46],"class_list":["post-661577","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/661577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=661577"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/661577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/661578"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=661577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=661577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=661577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}