North Korea’s suspected $6.3 billion hack of Binance, the largest crypto theft ever, forces the exchange to freeze assets and cover losses, highlighting severe security vulnerabilities in the digital asset industry.
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Cryptocurrency exchange scrambles to freeze affected, with about $3bn located so farThe world’s largest cryptocurrency exchange has been hit by an industry-record $6.3bn (£4.6bn) hack, with experts identifying North Korea as the likely culprit.Binance has scrambled to freeze the affected assets, with about $3bn located so far. The company gave no update on the other $3.3bn as Binance’s co-founder Yi He said the company would cover “all hacking losses”. Continue reading...
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