What we know about Binance’s multi-billion-dollar crypto hack | Explained
While the facts are still emerging, the Binance cyberattack could go down as the largest cryptocurrency hack on record
On October 29, Binance, one of the world's leading cryptocurrency exchange platforms, suffered a significant cyberattack resulting in the loss of assets worth more than $6 billion. The full extent of the incident and the ongoing investigation suggest this could be the largest crypto hack in history.
Initially, Binance acknowledged receiving reports of a "potential security issue" on October 30 but reassured users that their funds remained secure. The company's Terms & conditions, institutional subscriber comments, and community guidelines all require English, full sentences, and no abusive or personal language.
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