$6.3bn gone, N Korea link: Inside crypto heist at world's largest exchange Binance
Hackers stole approximately $6.36 billion in cryptocurrency from Binance in what is being described as the largest crypto heist in history. While investigators link the attack to North Korea, Binance has pledged to cover all user losses and is currently conducting a security investigation.
Why it matters
The scale of this theft poses significant questions regarding the security of major cryptocurrency exchanges and the potential for state-sponsored cyber warfare.
Hackers stole approximately $6.36 billion in cryptocurrency from wallets held at Binance, the world's largest cryptocurrency exchange, in what investigators have described as the biggest crypto heist on record. Blockchain analysis firms have attributed the attack to North Korea's elite hacking unit, while Binance has said it will cover all losses and that user funds are safe.The attack involved the movement of funds across 10 blockchains, with most of the cryptocurrency transferred in about 20 minutes, according to US blockchain analysis firm TRM Labs.
Headlinne story · 5 newsrooms
Hackers Steal Billions in Cryptocurrency From Binance Exchange
What every outlet reported, where they differ, and how each framed it →
Also covering this story
7 other newsrooms covered this event. We read each version separately.
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