Update: Some accounts with API access were hacked, but Binance itself was not breached.

This morning it appears as if the great fear of Binance being hacked has happened. Reports are coming in now. But as it stands, around 5am PST someone gained access to multiple Binance accounts and sold alt coins into BTC. They then immediately bought the coin VIA and caused a massive pump. Binance has only released that they are looking into the issue and have not confirmed or denied a hack at the time of writing. Binance has suspended ALL withdrawals, making the accusation of a hack seem feasible. This is causing a market sell off as we see BTC dropping drastically. I will update as more news is available.

Update from Binance via Reddit:

We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak.

As of this moment, the only confirmed victims have registered API keys (to use with trading bots or otherwise). There is no evidence of the Binance platform being compromised.

Please remain patient and we will provide an update as quickly as possible.

Edit: Withdrawals are temporarily disabled at this time.

Update from Binance CEO via Twitter:

All funds are safe. There were irregularities in trading activity, automatic alarms triggered. Some accounts may have been compromised by phishing from before. We are still investigating. All funds are safe.

All funds are safe. There were irregularities in trading activity, automatic alarms triggered. Some accounts may have been compromised by phishing from before. We are still investigating. All funds are safe. — CZ (not giving crypto away) (@cz_binance) March 7, 2018

Another update from the Binance CEO via Twitter:

Binance has reversed all irregular trades. All deposit, trading and withdrawal are resumed. will write a more detailed account of what happened shortly. Interestingly, the hackers lost coins during this attempt. We will donate this to Binance Charity.