Crypto platform Binance confirms 'complex' $6.3 bn hack
Summary
Binance is working to resolve a complex attack that affected around $6.3 billion in funds, in what is believed to be the biggest crypto heist ever. The breach triggered withdrawals suspensions, asset freezes across stablecoin issuers, and a broad selloff in major cryptocurrencies.
Key Points
- Binance said it is coordinating with law enforcement to resolve a complex attack that affected about $6.3 billion in funds.
- The company said around $3 billion in affected assets had been frozen, while Tether and Circle froze additional funds linked to the incident.
- TRM Labs said the attack had high confidence links to North Korea-affiliated hackers, including TraderTraitor.
- Bitcoin, Ethereum and Binance’s BNB token fell sharply after news of the hack emerged.
