Binance, the world's largest cryptocurrency exchange, said Thursday it's investigating reports of a potential security issue as its founder said the incident "does look like a hack on Binance." The company said late Thursday the estimated total impact was at more than $6 billion, which could be one of the most significant of such security incidents on record.

Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record

• Explainer: How big a deal is the $6.3bn crypto heist, who did it, and are investments safe?

• Tell us: have you been affected by the Binance hack?

• North Korean group blamed for $6.3bn Binance hack in biggest ever crypto heist

Most major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows.

That includes:

Bitcoin: -2.35% over the last 24 hours, to $77,940

Ethereum: -3.6%, to $2,227

BNB: -5.6%, to $706

Solana: -2.67%, to $97

Chainlink: -3.1%, to $11.02

Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses

Revoked the affected address authorizations

Engaged law enforcement and blockchain intelligence partners to trace and recover funds

Our team hasn’t stopped. We’re working closely with law enforcement to ensure the matter is handled appropriately - and I’ll share what I can, as soon as I can.

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© Photograph: Sergei Ilnitsky/EPA

© Photograph: Sergei Ilnitsky/EPA

© Photograph: Sergei Ilnitsky/EPA

Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

• Q&A: How big a deal is the $6.3bn crypto heist?

• Tell us: have you been affected by the Binance hack?

• Business live – latest updates

The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.

Continue reading...

© Photograph: Darrin Zammit Lupi/Reuters

© Photograph: Darrin Zammit Lupi/Reuters

© Photograph: Darrin Zammit Lupi/Reuters

Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

• Q&A: How big a deal is the $6.3bn crypto heist?

• Tell us: have you been affected by the Binance hack?

• Business live – latest updates

The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.

Continue reading...

© Photograph: Darrin Zammit Lupi/Reuters

© Photograph: Darrin Zammit Lupi/Reuters

© Photograph: Darrin Zammit Lupi/Reuters