Binance reports $6.3 billion cryptocurrency theft in record heist
The crypto exchange says user funds remain secure and about half the stolen assets have been recovered.
At a glance
- Binance reports $6.3 billion in stolen cryptocurrency
- The exchange describes it as the largest crypto hack on record
- Binance says user funds remain secure
- About $3 billion of stolen assets have been recovered
Binance has disclosed a theft of $6.3 billion in cryptocurrency, which the exchange describes as the largest hack in the industry's history. The company said in statements posted to social media that user funds are safe.
According to Binance, approximately $3 billion of the affected assets have been recovered.
Why it matters
The theft represents a significant security incident for one of the world's largest cryptocurrency exchanges and highlights ongoing risks in the digital asset sector.
Original reporting
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