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

Tech Giant Google’s Universal Blockchain Ledger Goes Live

September 2, 2025

Nvidia Q2 Earnings Exceed Estimates: Blackwell Powers Market Gains

September 2, 2025

REX-Osprey Moves Forward With SEC Filing For BNB ETF

September 2, 2025
Facebook X (Twitter) Instagram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
Facebook X (Twitter) Instagram Pinterest Vimeo
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 LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email

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.

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.

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. Facebook Twitter Pinterest LinkedIn Tumblr Email
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

Tech Giant Google’s Universal Blockchain Ledger Goes Live

September 2, 2025
Crypto

Crypto Retirement Funds Beckon As Young Brits Cash Out

September 2, 2025
Blockchain

Lutnick Leads U.S. Push To Publish Economic Data On Blockchain

September 2, 2025
Add A Comment

Comments are closed.

Trending Posts
News

Coinbase User James Harper Case Rejected By US Government

June 2, 2025
Bitcoin

Is China Back in Bitcoin Market?

April 29, 2025
News

David Bailey Trump’s Adviser Leads $762M Bitcoin Buying Spree

August 15, 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

Tech Giant Google’s Universal Blockchain Ledger Goes Live

September 2, 2025

Nvidia Q2 Earnings Exceed Estimates: Blackwell Powers Market Gains

September 2, 2025

REX-Osprey Moves Forward With SEC Filing For BNB ETF

September 2, 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) $ 110,650.65
ethereum
Ethereum (ETH) $ 4,300.55
xrp
XRP (XRP) $ 2.82
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 850.20
solana
Solana (SOL) $ 208.52
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,287.94
dogecoin
Dogecoin (DOGE) $ 0.214462
tron
TRON (TRX) $ 0.337318
cardano
Cardano (ADA) $ 0.830044
wrapped-steth
Wrapped stETH (WSTETH) $ 5,201.37
chainlink
Chainlink (LINK) $ 23.27
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,626.51
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 110,404.58
ethena-usde
Ethena USDe (USDE) $ 0.999932
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.01
hyperliquid
Hyperliquid (HYPE) $ 44.37
bitcoin-cash
Bitcoin Cash (BCH) $ 596.67
sui
Sui (SUI) $ 3.29
wrapped-eeth
Wrapped eETH (WEETH) $ 4,605.54
stellar
Stellar (XLM) $ 0.3614
avalanche-2
Avalanche (AVAX) $ 24.47
weth
WETH (WETH) $ 4,296.29
hedera-hashgraph
Hedera (HBAR) $ 0.218401
leo-token
LEO Token (LEO) $ 9.55
crypto-com-chain
Cronos (CRO) $ 0.256344
litecoin
Litecoin (LTC) $ 111.18
usds
USDS (USDS) $ 0.999734
the-open-network
Toncoin (TON) $ 3.15
shiba-inu
Shiba Inu (SHIB) $ 0.000012
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
world-liberty-financial
World Liberty Financial (WLFI) $ 0.232059
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 110,710.66
whitebit
WhiteBIT Coin (WBT) $ 42.48
polkadot
Polkadot (DOT) $ 3.79
uniswap
Uniswap (UNI) $ 9.43
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.19
bitget-token
Bitget Token (BGB) $ 4.97
monero
Monero (XMR) $ 266.92
aave
Aave (AAVE) $ 314.83
dai
Dai (DAI) $ 0.999267
ethena
Ethena (ENA) $ 0.688515
pepe
Pepe (PEPE) $ 0.00001
mantle
Mantle (MNT) $ 1.11
okb
OKB (OKB) $ 164.73
ethereum-classic
Ethereum Classic (ETC) $ 20.65
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 255.54
bittensor
Bittensor (TAO) $ 320.21
near
NEAR Protocol (NEAR) $ 2.43
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.286131
ondo-finance
Ondo (ONDO) $ 0.949712
aptos
Aptos (APT) $ 4.28
usdt0
USDT0 (USDT0) $ 1.00
pi-network
Pi Network (PI) $ 0.343736
usd1-wlfi
USD1 (USD1) $ 0.999662
arbitrum
Arbitrum (ARB) $ 0.49557
binance-peg-weth
Binance-Peg WETH (WETH) $ 4,302.54
internet-computer
Internet Computer (ICP) $ 4.81
story-2
Story (IP) $ 7.81
binance-staked-sol
Binance Staked SOL (BNSOL) $ 222.97
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
kaspa
Kaspa (KAS) $ 0.082895
cosmos
Cosmos Hub (ATOM) $ 4.41
vechain
VeChain (VET) $ 0.023588
algorand
Algorand (ALGO) $ 0.230463
gatechain-token
Gate (GT) $ 16.84
susds
sUSDS (SUSDS) $ 1.07
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.47
rocket-pool-eth
Rocket Pool ETH (RETH) $ 4,893.13
fasttoken
Fasttoken (FTN) $ 4.51
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.030338
kucoin-shares
KuCoin (KCS) $ 14.98
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 4,515.59
render-token
Render (RENDER) $ 3.42
worldcoin-wld
Worldcoin (WLD) $ 0.88091
sei-network
Sei (SEI) $ 0.283867
bfusd
BFUSD (BFUSD) $ 0.999722
official-trump
Official Trump (TRUMP) $ 8.43
sky
Sky (SKY) $ 0.071428
kinetic-staked-hype
Kinetiq Staked HYPE (KHYPE) $ 44.41
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 4,525.30
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.614376
bonk
Bonk (BONK) $ 0.00002
filecoin
Filecoin (FIL) $ 2.27
liquid-staked-ethereum
Liquid Staked ETH (LSETH) $ 4,646.40
jupiter-exchange-solana
Jupiter (JUP) $ 0.497895
usdtb
USDtb (USDTB) $ 0.999909
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 110,613.64
flare-networks
Flare (FLR) $ 0.020562
memecore
MemeCore (M) $ 0.886662
quant-network
Quant (QNT) $ 100.54
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
xdce-crowd-sale
XDC Network (XDC) $ 0.079483
falcon-finance
Falcon USD (USDF) $ 0.999272
pump-fun
Pump.fun (PUMP) $ 0.003766
tether-gold
Tether Gold (XAUT) $ 3,530.65
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 4,538.91
hash-2
Provenance Blockchain (HASH) $ 0.026724
four
Four (FORM) $ 3.34