'The biggest hack in history': 5 things you need to know about the $6.3bn Binance heist — even if…
It's the largest cryptocurrency theft in history: hackers from North Korea allegedly swiped $6.36 billion in funds from Binance in the space of just 20 minutes, which has left customers reeling and the financial industry in shock.
The heist raises all kinds of questions about how this was allowed to happen, what might happen next, and whether Binance customers are going to get any of their stolen money back.
Even if you never owned any cryptocurrency before, there are bigger questions too — like what this means for global financial stability, and what the aftershocks might be for everyone outside the Binance world.
Looking for a quick five-minute primer on the Binance hack? We've been speaking to industry experts to get some answers...
1. What actually happened?
The basics are now pretty clear — $6.36 billion in cryptocurrency was stolen from the Binance exchange in the space of just...
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