Browsing: Binance

It’s the largest cryptocurrency theft in history: hackers from North Korea allegedly swiped $6.36 billion in funds from Binance in the space of just 20 minutes, which has left customers reeling and the financial industry in shock.

Hackers working for the North Korean regime have been blamed for a record cryptocurrency heist following a cyberattack at crypto exchange Binance. The hackers stole at least $6.3 billion in crypto from the company’s wallets, though about half of that amount was frozen as the stolen crypto traveled across various blockchains, according to security researchers.

Cryptocurrency exchange Binance has reportedly been hit with a cyber attack that resulted in an estimated $6.3 billion loss, The New York Times reported. The company promised to cover all losses but has suspended withdrawals. The value of the theft would be a record if accurate, easily eclipsing a $1.5 billion hack of the Bybit…

Binance has confirmed to TechCrunch that it is dealing with a security incident as users reported that funds were being drained from the crypto exchange’s wallets.

President Trump pardoned the exchange’s founder last year after he pled guilty to violating anti-money-laundering laws.