blog trackingweb statistics Binance targeted in $6.3 billion crypto heist, the largest…

Binance targeted in $6.3 billion crypto heist, the largest ever

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The digital currency exchange Binance says it was the target of a $6.3 billion crypto heist Thursday, believed to be the largest ever recorded.

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The company has suspended all deposits and withdrawals while it works with law enforcement to secure its infrastructure and locate stolen funds.

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The hack originated from a compromised laptop, it said, which allowed “an attacker to gain access to a service container and submit unauthorized withdrawal transactions.”

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“The estimated total impact sits at around $6.3B,” Binance said in a post late Thursday on x.

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Approximately $3 billion worth of crypto assets that transited through wallets connected to the hackers had so far been identified and frozen, the company said.

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Binance will “cover all losses” from the hack, it said, adding, “User funds are safe.”

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Binance is the world’s largest cryptocurrency trading platform by volume, with hundreds of thousands of users who buy, sell and store billions of dollars’ worth of digital currencies on the exchange.

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Unlike traditional bank deposits, funds kept in accounts with companies like Binance are not automatically insured against losses, potentially leaving any refunds up to the discretion of individual exchanges.

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The previous record for a crypto heist was $1.5 billion that was…

Original source: https://www.nbcnews.com/health

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