Theft: Possible hacker attack on cryptocurrency exchange Binance
It could be the largest crypto theft of all time. The impact was immediate in early Asian trade. Bitcoin fell to a six-week low.
A security incident at Binance, the world's largest cryptocurrency exchange, has resulted in an estimated loss of $6.3 billion. Analysts believe this could be the largest crypto theft in history. Binance has worked with partners to freeze affected assets, and around $3 billion has been recovered so far. The company's co-founder, Yi He, has stated that Binance will compensate for all losses from the hack.
The incident may have started with a hacked laptop belonging to an engineer, allowing an attacker to make unauthorized withdrawals.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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