Binance has suspended all withdrawals after the world’s largest cryptocurrency exchange fell victim to what appears to be the biggest heist in history. The exchange put the “estimated total impact” of the hack at about $6.3 billion and said around $3 billion of affected assets, mainly stablecoins that act as cash for the crypto market, had been frozen. But analysts at Elliptic said the attacker had changed about $3.3 billion into digital assets that could not be frozen and was working to cash those out as traditional currency.Read full article Comments
Hackers steal $6.3 billion from Binance in record crypto heist
AR
Ars TechnicaBy
Nikou Asgari, Financial Times
EXECUTIVE SUMMARY
Binance scrambles to freeze billions after record-breaking hack linked to North Korea.
Key Takeaways
- Hackers steal $6.3 billion from Binance in record crypto heist.
- Binance scrambles to freeze billions after record-breaking hack linked to North Korea.
- Binance has suspended all withdrawals after the world’s largest cryptocurrency exchange fell victim to what appears to be the biggest heist in history.
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Published originally on Ars Technica
