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submitted 22 hours ago by MicroWave@lemmy.world to c/world@lemmy.world

Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.

Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.

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[-] Flower@sh.itjust.works 7 points 16 hours ago

No, they're going to use it to buy parts for weapons and other sanctioned stuff. It's already dark web currency.

this post was submitted on 31 Oct 2026
180 points (97.9% liked)

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