Singapore: – A security breach at Binance, the world’s largest cryptocurrency exchange, has resulted in an estimated $6.3 billion impact, the biggest crypto heist ever.
Binance said it had worked with partners to freeze the affected assets, with about $3 billion located so far. It gave no update on the status of the remaining $3.3 billion, though Binance co-founder Yi He said the company would cover “all hacking losses”.
The crypto industry has suffered a series of thefts, prompting questions about the security of customer funds and investors to possibly rethink the risks of owning digital assets.
There are few other major thefts to have plagued the industry since bitcoin was born in 2008.
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