Binance Hit By Record $6.3 Bn Crypto Breach, Suspends Withdrawals

by · Inc42

SUMMARY

  • Binance has faced a heist exceeding $6.3 Bn, with around $3 Bn secured and frozen on-chain by the digital currency exchange
  • Binance is the world’s largest cryptocurrency trading platform by volume, with a significant presence in India
  • As per Binance, the breach took place after an attacker gained access to a compromised laptop belonging to a DevOps engineer and submitted unauthorised withdrawal transactions