TechTrending across 2 sourcesThe Verge1h ago

Binance hackers stole $6.3 billion in record-breaking crypto heist

Binance hackers stole $6.3 billion in record-breaking crypto heist

TL;DRHackers stole $6.3 billion from Binance in crypto's largest known heist ever.

Why it matters: Tests whether centralized exchanges can actually protect user assets and whether "we'll cover losses" promises hold up.

Binance says it will cover all loses resulting from the hack. | Image: Cath Virginia / The Verge, Turbosquid Binance has disclosed that $6.3 billion worth of crypto funds have been stolen from the platform, in what's believed to be the biggest cryptocurrency hack on record. In a…

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Source: The Verge · Opens in new tab