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Binance security breach: Estimated losses reach $6.3 billion

4h ago ·  Source: Arutz Sheva 87Objectivity score87/100

Binance, the world's largest cryptocurrency exchange, announced that the estimated impact of the security breach affecting its systems has reached approximately $6.3 billion. The company said it has so far frozen around $3 billion in assets.The company said it was working with blockchain partners to freeze affected assets and pledged to cover all losses through its Secure Asset Fund for Users (SAFU) and corporate funds.

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This story is based on reporting by Arutz Sheva.
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North Korean hackers behind Binance breach

North Korean hackers were responsible for stealing approximately $6.3 billion in cryptocurrency from Binance, according to a report by US blockchain analytics firm TRM Labs.According to…

Source: Arutz Sheva79

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