Binance loses $6.3 billion in largest crypto heist ever
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What we know so far: Binance, the world's largest crypto exchange, has suffered a cyberattack believed to be the largest crypto theft in history. Crypto worth more than $6 billion has been stolen from the platform, which initially suspended customer deposits and withdrawals. It's believed that a North Korean hacking unit was responsible for the attack.
Blockchain intelligence firm TRM Labs puts the haul at approximately $6.36 billion, taken from Binance wallets across ten blockchains on October 29. Most of the money was moved in about 20 minutes. The firm attributes the attack to TraderTraitor, a North Korean hacking unit, with high confidence.
There is some good news for customers. Binance says it has worked with blockchain partners to freeze roughly $3 billion in affected assets and will cover all losses. Deposits are...
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