Binance $6.3bn hack is largest crypto theft on record

About $3 billion has been frozen with partners’ help; Binance says it will cover all losses and aims to restore withdrawals within 48 hours.

Hackers hit Binance for about $6.3 billion in digital assets, called the largest crypto hack in history by analysts.

Binance says roughly half—about $3 billion—has been frozen with partners; it pledges to cover all losses.

TRM Labs and Chainalysis link the raid to a North Korean unit known as TraderTraitor; Binance has not confirmed that link.

Early checks point to a compromised engineer’s laptop as a possible entry point for unauthorised withdrawals.

Bitcoin, ether and BNB fell sharply in Asian trading on Friday after the news.

Read the full story