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Binance Suffers Security Breach Affecting $6.3 Billion in Assets, Nearly $3 Billion Frozen

Cryptocurrency giant Binance said on Thursday that a "security incident" on its platform has impacted about $6.3 billion worth of assets.

Binance Suffers Security Breach Affecting $6.3 Billion in Assets, Nearly $3 Billion Frozen

The world's biggest cryptocurrency exchange said nearly $3 billion of those assets have been frozen on-chain so far. Tether and Circle said they have frozen more than 1.567 billion USDT and 800 million related to the incident, respectively. The About $6.3 billion in cryptocurrency was stolen from Binance in what might be the biggest crypto hack in history.

“Binance’s initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions,” the exchange said in a security update published early on October 30. The company found no evidence of a wallet private key leak and plans … More → Multiple crypto-tracing firms say notorious North Korean hackers TraderTraitor may be behind the largest digital heist in history—with billions of crypto likely gone for good.

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