According to Nikkei Asia, Binance stated that it suffered a hack estimated to involve $6.3 billion, and has frozen approximately $3 billion in on-chain assets with its partners. He Yi, co-founder and CEO of Binance, said that deposit services were unaffected, withdrawals remain suspended, and are expected to resume within 48 hours. Tether and Circle have frozen over $1.576 billion in USDT and $800 million in USDC, respectively. Binance's preliminary investigation suggests the incident may be related to a compromised laptop belonging to a DevOps engineer, and there is currently no evidence of wallet private key leakage.