India, Oct. 30 -- Binance provided an update on the possible source of the hack and the total impact, in what is being reported as possibly the 'biggest ever cyber heist'. The company on Friday issued a statement saying "Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer's laptop." They noted that the estimated total impact sits at around $6.3 billion.

Binance said that the compromised laptop allowed an attacker to gain access to a service container, and then submit withdrawal transactions which were not authorized. "We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the ...