Binance loses $6.3 billion in record cryptocurrency heist
Blockchain intelligence firms link the attack to North Korea; crypto platforms freeze about half the stolen assets.
At a glance
- Binance targeted in $6.3 billion cyber heist, the largest on record
- Blockchain intelligence firms attribute the attack to North Korea
- Crypto platforms froze roughly $3 billion of stolen assets
Cryptocurrency exchange Binance has suffered a $6.3 billion cyber heist, described as the largest in history. Blockchain intelligence firms have linked the attack to North Korea.
Major cryptocurrency platforms coordinated efforts to freeze approximately $3 billion of the stolen assets by Thursday night in the US, in an attempt to secure the digital funds.
Why it matters
The scale of the theft highlights security vulnerabilities in major cryptocurrency exchanges and the ongoing threat posed by state-sponsored cyber attacks on financial infrastructure.
Original reporting
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