Quartz·1 min read·medium

Binance was hit by the biggest crypto hack ever, losing about $6.3 billion

Cris Tolomia
✦AI Summary

Binance has suffered a massive $6.3 billion cryptocurrency hack, which cybersecurity experts have linked to the North Korean group TraderTraitor. The exchange has committed to covering all losses incurred by users during the breach.

Why it matters

This represents one of the largest security failures in crypto history, highlighting ongoing vulnerabilities in digital asset exchanges and the threat of state-sponsored cyber warfare.

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Cybersecurity firms say the attack appears tied to North Korea's…

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