FBI and US Secret Service working with Binance after $6.3 billion hack, source says

Binance, the world's largest cryptocurrency exchange, experienced a massive hack estimated at $6.3 billion, believed to be the largest in history. The exchange, which facilitates buying, selling, and trading of digital currencies, was targeted through its global centralised platform, Binance.com. Binance's CEO, Richard Teng, stated that the company is collaborating with authorities to investigate the incident and will cover all losses, using an emergency reserve and additional company funds if necessary.

The hack is suspected to have begun with a compromised laptop of a DevOps engineer, potentially due to malware infection while performing a test. Cybersecurity experts suggest that once malware was installed on the compromised device, it provided the attacker direct access to Binance's production environment and wallets. The identity of the hackers remains unknown, though some analytics firms have pointed to North Korea, although this has not been confirmed.

The attack has raised concerns about the security of crypto platforms, and experts warn that regulators may scrutinize smaller platforms and currencies' protection measures. Binance has temporarily suspended deposits and withdrawals, and users are advised to remain vigilant against potential phishing attempts.