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Investors take out $3.6bn from Binance after record hack that stole billions

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Guardian Business
By Lauren Almeida
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Investors take out $3.6bn from Binance after record hack that stole billions
Photo / Coverage: Guardian BusinessCredit: Lauren Almeida
EXECUTIVE SUMMARY

Cryptocurrency exchange has begun to allow withdrawals after $6.3bn theft believed to have come from North Korea Investors have pulled $3.6bn (£2.7bn) in funds from the cryptocurrency exchange Binance, as it recovers from a record hack in which billions were stolen from customer accounts. The platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history. Experts identified North Korea as the likely culprit. Continue reading...

Key Takeaways

  • Investors take out $3.6bn from Binance after record hack that stole billions.
  • The platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history.
  • Experts identified North Korea as the likely culprit.

Cryptocurrency exchange has begun to allow withdrawals after $6.3bn theft believed to have come from North KoreaInvestors have pulled $3.6bn (£2.7bn) in funds from the cryptocurrency exchange Binance, as it recovers from a record hack in which billions were stolen from customer accounts.The platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history. Experts identified North Korea as the likely culprit. Continue reading...

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