Close Menu
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

ModStealer Malware: Cross-Platform Threat Targeting Crypto Wallets

September 15, 2025

Polymarket Chainlink Integration: A Game-Changer For DeFi Markets

September 15, 2025

Hyperliquid Whales Push Large Short Positions On HYPE

September 13, 2025
Facebook X (Twitter) Instagram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
X (Twitter) Telegram
Crypto JunctionCrypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Hackers Steal $40 Million in Bitcoin in Devastating Binance Security Breach
Bitcoin

Hackers Steal $40 Million in Bitcoin in Devastating Binance Security Breach

Karly MarieBy Karly MarieMay 9, 2019Updated:March 9, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Reddit Telegram Email Bluesky Copy Link
Share
Twitter Facebook Telegram Bluesky Pinterest Email Reddit Copy Link

In a major security breach, hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges. The company confirmed the incident, stating that cybercriminals used a mix of phishing, viruses, and other attack methods to steal 7,000 bitcoins in a single transaction.

Changpeng Zhao, Binance’s CEO, revealed that the hackers strategically executed the attack to bypass existing security measures. The breach was discovered on Tuesday, but the specifics of how it went undetected remain unclear.

How Did the Hack Happen?

According to Binance, the cybercriminals patiently waited for the perfect moment before launching their attack.

“The transaction is structured in a way that passed our existing security checks. Once executed, the withdrawal triggered various alarms in our system. We stopped all withdrawals immediately after that,” Zhao explained.

Binance immediately froze deposits and withdrawals to contain the breach and prevent further losses. However, the company assured users that trading would continue.

See also  Solana’s SOL Drops Below Key Price Level for First Time in Three Years

What Happens to the Stolen Bitcoin?

To reassure customers, Binance announced that the stolen funds would be reimbursed using its Secure Asset Fund for Users (SAFU), an emergency reserve set up precisely for such incidents. Despite this, Binance warned that other accounts might also be compromised.

The security review is expected to take at least a week, during which deposits and withdrawals will remain suspended. Zhao acknowledged the gravity of the situation, saying,

“We beg for your understanding in this difficult situation.”

Bitcoin’s Volatile Surge Amid Security Concerns

The breach comes at a time when bitcoin prices are soaring. After a 75% crash in 2018, the cryptocurrency has rebounded, surging nearly 60% in 2019. While the latest attack highlights the ongoing security risks in crypto trading, it also raises concerns about how even the biggest platforms remain vulnerable to increasingly sophisticated cyber threats.

The Bigger Picture: Crypto Security Under Scrutiny

This incident is yet another reminder of the risks involved in cryptocurrency investments. Binance, known for its security measures, has been one of the most trusted exchanges, yet even it fell victim to a well-coordinated attack.

See also  Argentine Prosecutor to Freeze $100M Crypto Amid LIBRA Fraud

The cryptocurrency market remains a prime target for hackers, and as prices climb, the stakes are getting higher. This latest breach reinforces the need for stronger security measures and vigilance among investors.

Binance will provide further updates once its security review is complete. For now, traders and investors are left grappling with the unsettling reality of cyber risks in the digital asset space.

Binance Binance Hack Bitcoin Bitcoin security Crypto Crypto Security Cryptocurrency Hack Cyber Attack Cybercrime hacking
Share. Twitter Facebook Telegram Email Bluesky Reddit Copy Link
Previous ArticleEthereum 2.0: The Road Ahead—What’s Happening with the Next Big Upgrade?
Next Article U.S. Regulators Subpoena Tether and Bitfinex Amid Crypto Market Concerns
Karly Marie
Karly Marie

Related Posts

Blockchain

Polymarket Chainlink Integration: A Game-Changer For DeFi Markets

September 15, 2025
Crypto

Hyperliquid Whales Push Large Short Positions On HYPE

September 13, 2025
Press Release

True Announces $TRUE Token Sale to Build the First AI-Native Perpetuals DEX on Solana

September 4, 2025
Add A Comment

Comments are closed.

Trending Posts
Crypto

Ethereum’s Rising Demand Signals Digital Currencies Becoming a New Asset Class

March 7, 2016
Bitcoin

Taiwan Bitcoin Reserve Talk Begins

May 10, 2025
Blockchain

David Bailey’s Nakamoto And KindlyMD Create Bitcoin Giant

August 20, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

ModStealer Malware: Cross-Platform Threat Targeting Crypto Wallets

September 15, 2025

Polymarket Chainlink Integration: A Game-Changer For DeFi Markets

September 15, 2025

Hyperliquid Whales Push Large Short Positions On HYPE

September 13, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
  • Crypto Marketing
  • Daily Digest News
Telegram X (Twitter)
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 115,354.91
ethereum
Ethereum (ETH) $ 4,516.23
xrp
XRP (XRP) $ 2.98
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 922.36
solana
Solana (SOL) $ 234.45
usd-coin
USDC (USDC) $ 0.999951
dogecoin
Dogecoin (DOGE) $ 0.264483
staked-ether
Lido Staked Ether (STETH) $ 4,510.09
tron
TRON (TRX) $ 0.346013
cardano
Cardano (ADA) $ 0.858605
wrapped-steth
Wrapped stETH (WSTETH) $ 5,474.38
chainlink
Chainlink (LINK) $ 23.38
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,870.14
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 115,415.92
hyperliquid
Hyperliquid (HYPE) $ 53.44
ethena-usde
Ethena USDe (USDE) $ 1.00
sui
Sui (SUI) $ 3.50
avalanche-2
Avalanche (AVAX) $ 29.47
figure-heloc
Figure Heloc (FIGR_HELOC) $ 0.996052
wrapped-eeth
Wrapped eETH (WEETH) $ 4,852.63
stellar
Stellar (XLM) $ 0.37751
bitcoin-cash
Bitcoin Cash (BCH) $ 592.40
weth
WETH (WETH) $ 4,516.39
hedera-hashgraph
Hedera (HBAR) $ 0.233609
leo-token
LEO Token (LEO) $ 9.55
litecoin
Litecoin (LTC) $ 112.96
the-open-network
Toncoin (TON) $ 3.14
usds
USDS (USDS) $ 0.999715
shiba-inu
Shiba Inu (SHIB) $ 0.000013
crypto-com-chain
Cronos (CRO) $ 0.227173
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 115,351.91
polkadot
Polkadot (DOT) $ 4.14
whitebit
WhiteBIT Coin (WBT) $ 43.58
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
world-liberty-financial
World Liberty Financial (WLFI) $ 0.22065
monero
Monero (XMR) $ 306.58
uniswap
Uniswap (UNI) $ 9.12
mantle
Mantle (MNT) $ 1.62
ethena
Ethena (ENA) $ 0.696927
dai
Dai (DAI) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.96
pepe
Pepe (PEPE) $ 0.000011
aave
Aave (AAVE) $ 294.75
memecore
MemeCore (M) $ 2.49
okb
OKB (OKB) $ 195.72
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 288.19
bittensor
Bittensor (TAO) $ 340.28
near
NEAR Protocol (NEAR) $ 2.60
ondo-finance
Ondo (ONDO) $ 1.02
ethereum-classic
Ethereum Classic (ETC) $ 20.27
worldcoin-wld
Worldcoin (WLD) $ 1.51
aptos
Aptos (APT) $ 4.36
pump-fun
Pump.fun (PUMP) $ 0.008295
pi-network
Pi Network (PI) $ 0.361861
binance-staked-sol
Binance Staked SOL (BNSOL) $ 251.63
usdt0
USDT0 (USDT0) $ 1.00
story-2
Story (IP) $ 9.07
binance-peg-weth
Binance-Peg WETH (WETH) $ 4,520.11
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.255461
usd1-wlfi
USD1 (USD1) $ 1.00
arbitrum
Arbitrum (ARB) $ 0.487877
internet-computer
Internet Computer (ICP) $ 4.64
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
kaspa
Kaspa (KAS) $ 0.08345
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.79
susds
sUSDS (SUSDS) $ 1.06
kinetic-staked-hype
Kinetiq Staked HYPE (KHYPE) $ 53.54
cosmos
Cosmos Hub (ATOM) $ 4.45
myx-finance
MYX Finance (MYX) $ 10.91
vechain
VeChain (VET) $ 0.024018
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.03251
rocket-pool-eth
Rocket Pool ETH (RETH) $ 5,158.04
kucoin-shares
KuCoin (KCS) $ 15.93
algorand
Algorand (ALGO) $ 0.231012
gatechain-token
Gate (GT) $ 16.93
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 4,752.88
render-token
Render (RENDER) $ 3.76
fasttoken
Fasttoken (FTN) $ 4.48
sei-network
Sei (SEI) $ 0.31433
hash-2
Provenance Blockchain (HASH) $ 0.037838
falcon-finance
Falcon USD (USDF) $ 1.00
usdtb
USDtb (USDTB) $ 0.999957
bonk
Bonk (BONK) $ 0.000023
flare-networks
Flare (FLR) $ 0.023217
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 4,753.12
bfusd
BFUSD (BFUSD) $ 0.99998
official-trump
Official Trump (TRUMP) $ 8.49
sky
Sky (SKY) $ 0.071704
filecoin
Filecoin (FIL) $ 2.40
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.633925
liquid-staked-ethereum
Liquid Staked ETH (LSETH) $ 4,874.98
jupiter-exchange-solana
Jupiter (JUP) $ 0.502725
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 115,289.89
quant-network
Quant (QNT) $ 99.50
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 4,777.41
tether-gold
Tether Gold (XAUT) $ 3,688.67
xdce-crowd-sale
XDC Network (XDC) $ 0.076284