Investors pull billions in funds from Binance after record $6.3bn hack
The cryptocurrency exchange Binance suffered a major security incident involving a $6.3bn theft from customer accounts on Thursday. Following the breach, the platform reopened withdrawals to allow users to reclaim funds. Investigators believe North Korean actors were responsible for the attack. The incident has triggered significant outflows, with users withdrawing $3.6bn as confidence in the exchange's security measures has been undermined.
Key points
- Binance suffered a $6.3bn hack, the largest cryptocurrency theft on record
- North Korea identified as the probable source of the attack
- Users have withdrawn $3.6bn as the exchange recovers and reopens withdrawals
- The breach has severely impacted investor confidence in the platform
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Guardian Technology did the reporting; read the original for the full story.
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