Hackers Hit Binance in Historic $6.3 Billion Theft
Hackers took $6.3 billion from Binance, but the exchange promises to cover customer balances.
Thieves struck the largest crypto exchange in the world. Binance revealed a massive security breach that touches $6.3 billion in digital assets. This attack marks the biggest theft in crypto history.
Partners acted to limit the damage. Teams froze roughly $3 billion of the stolen tokens. The remaining money sits in digital wallets across the web.
Binance leaders say customer balances remain whole. The exchange plans to replace all missing funds with company reserves.
Events like this remind crypto owners to protect their holdings. Many investors keep long-term cash in private hardware wallets. Keeping assets off exchanges protects your money when platforms face trouble.
Source: CNBC
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