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Binance flags 'potential security issue,' says approximately $6.3 billion impacted

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.

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FBI working with Binance after crypto exchange hit by $6.3bn heist – business live

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


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

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North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’

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

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

  •  

North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’

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

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

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