Markets
Binance Loses $6.3 Billion in Record Crypto Hack
Binance reports a massive $6.3 billion security breach, but pledges to cover all customer losses.
Digital thieves hit the largest crypto exchange in the world. Binance confirmed attackers took about $6.3 billion in assets. This marks the biggest digital coin theft on record.
Quick action stopped some of the damage. Security teams managed to freeze roughly $3 billion of the stolen funds.
Binance promises to protect its users. The company plans to cover the rest of the losses with its own funds.
Events like this show why storage habits matter. Storing your coins in private wallets protects your savings from online attacks.
Source: CNBC
#Markets#Crypto#Binance#Cybersecurity
More from Markets
