NEW: The world's largest crypto exchange Binance experienced a $6.3 billion hack, making it the largest in history. 👀 A statement was issued saying that user funds are safe and over $3 billion in assets have been frozen.

WATCH: BMTV Hosts @realseanhagan and @GraceRemiTV - What to Know About the $6.3 Billion Binance Hack 👀 From @watchbmtv👇

@watchbmtv @GraceRemiTV @realseanhagan Binance says it may have started with one engineer's laptop. That's why I keep my SOL on a Ledger.

@watchbmtv @GraceRemiTV @realseanhagan Biggest hack in history, and Bitcoin itself didn't break. The exchange got hacked, not the network. Big difference.

@watchbmtv @GraceRemiTV @realseanhagan This has to mark the bottom 🙏🏾

@watchbmtv @GraceRemiTV @realseanhagan Just to add on, Binance Exchange promises to use its reserve funds to purchase the assets stolen from users and compensate them.

@watchbmtv @GraceRemiTV @realseanhagan Insane! Can we go higher now?

@watchbmtv @GraceRemiTV @realseanhagan Frozen assets limit total damage.

@watchbmtv @GraceRemiTV @realseanhagan the biggest hack in history is 0.4% of btc's market cap. btc is down 5.1% today with nobody stealing anything, which is over 12 times the haul. the guy liquidated this mornin gets no press statement and no frozen assets. just an email

@watchbmtv @GraceRemiTV @realseanhagan $3 billion frozen in a day. turns out the fastest thing in crypto isn't the chain, it's the freeze button

@watchbmtv @GraceRemiTV @realseanhagan 👀

@watchbmtv @GraceRemiTV @realseanhagan Brutal — $6.3B, biggest ever. But Binance already set aside $6.34B to cover it, $3B frozen with partners. SAFU still stands. Withdrawals paused for security checks, back soon.

@watchbmtv @GraceRemiTV @realseanhagan

@watchbmtv @GraceRemiTV @realseanhagan What do you think about the this?

@watchbmtv @GraceRemiTV @realseanhagan Freezing over $3 billion in assets is a significant step. Hopefully this leads to more funds being recovered and confidence being restored.

@watchbmtv @GraceRemiTV @realseanhagan 😳

@watchbmtv @GraceRemiTV @realseanhagan Hope the frozen assets help recover losses quickly and keep users protected

@watchbmtv @GraceRemiTV @realseanhagan Binance says there is no evidence of a private key leak, only a possible laptop compromise. For anyone self-custodying: which single device could move your coins today?

@watchbmtv @GraceRemiTV @realseanhagan The guy on the right makes me do a double take EVERY time. Looks like Dwight Schrute. Does he happen to own a small beet farm?

@watchbmtv @GraceRemiTV @realseanhagan Largest hack in history, and the most-used word on my timeline today is still SAFU.

@watchbmtv @GraceRemiTV @realseanhagan If $3B+ is frozen, the real loss is closer to $3.3B. Watch $BNB and exchange outflows over the next 24h, not the headline.

@watchbmtv @GraceRemiTV @realseanhagan They should rest o

@watchbmtv @GraceRemiTV @realseanhagan Largest hack in dollar terms ever — $6.3B is insane. But the key line is there: user funds SAFU and $3B+ already frozen. That's the difference vs Mt Gox / FTX. How they handle the next few days will define it.

@watchbmtv @GraceRemiTV @realseanhagan Добре, що інцидент закритий, проте безпечніше тримати цифрові збереження на холодному гаманці, а не на Binance.

@watchbmtv @GraceRemiTV @realseanhagan Hackers go after what they can see and what's concentrated in one place. Holding your own coins, like shielded Zcash in your own wallet, takes you out of that target.

@watchbmtv @GraceRemiTV @realseanhagan The biggest exchange in crypto getting hit this hard is a wake-up call for the entire industry.