Hackers steal $6.3 billion from Binance in record crypto heist
Binance scrambles to freeze billions after record-breaking hack linked to North Korea.
Binance scrambles to freeze billions after record-breaking hack linked to North Korea.
The short version
- Binance has suspended all withdrawals after the world’s largest cryptocurrency exchange fell victim to what appears to be the biggest heist in history.
- The exchange put the “estimated total impact” of the hack at about $6.3 billion and said around $3 billion of affected assets, mainly stablecoins that act as cash for the crypto market, had been frozen.
- But analysts at Elliptic said the attacker had changed about $3.3 billion into digital assets that could not be frozen and was working to cash those out as traditional currency.
What happened
The update adds fresh detail around hackers steal $6.3 billion from binance in record crypto heist rather than relying on a generic announcement. For NNN readers, the useful bit is how hackers steal $6.3 billion from binance in record crypto heist changes the immediate story in this beat.
Why it matters
Ars Technica says hackers steal $6.3 billion from binance in record crypto heist is the central development readers should understand.
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