Markets
Hackers Hit Binance in Historic Six Billion Dollar Breach
Binance suffered a massive security breach, but the exchange plans to cover all customer losses.
Crypto exchange Binance faced a massive security attack. Thieves targeted roughly $6.3 billion in digital coins. The attack marks the largest theft in crypto history.
Security teams acted to stop the damage. Partners helped freeze about $3 billion of the stolen funds. Binance promised to cover the remaining losses for its users.
Major coin issuers stepped in to block the thieves from moving the cash. The exchange continues to run while investigators track the stolen tokens.
Events like this remind everyday investors to stay alert. Keeping your long-term crypto in private offline wallets helps protect your wealth.
Source: CNBC
#Crypto#Binance#Markets#Cybersecurity
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