The Guardian
Binance investigates possible $6.3bn breach and freezes billions
Binance has frozen billions in funds while examining reports of a possible $6.3 billion breach. An engineer’s compromised laptop may have been involved at the outset. The world’s largest cryptocurrency exchange has not explicitly confirmed any theft, and the scale of the damage remains unclear. Analysts suggest it could be the most significant intrusion involving digital assets on record.
What to know
- 01
An engineer’s hacked laptop may have been where the incident began.
- 02
Binance says its teams are working continuously to address the issue, but it has not explicitly confirmed that funds were stolen.
Why it matters
The potential incident concerns digital-asset security at the world’s largest cryptocurrency exchange, but the extent of any damage remains unclear.
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