Binance Hit by Record $6.3 Billion Crypto Hack

Digital thieves struck the largest crypto exchange in the world. Binance discovered a massive security breach that hit $6.3 billion in assets. It marks the largest theft in the history of crypto.

The company moved fast to stop the damage. Teams froze about $3 billion of the stolen funds before the hackers could cash out. Binance promises to cover all remaining losses from its own reserves.

Big breaches show the risks of keeping digital coins online. Store your long-term crypto in private cold wallets off major exchanges. Keeping your keys in your own hands protects your money.

Source: CNBC