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Binance's $6.36B Loss: What DeFi Users Need to Know

Binance's $6.36B Loss: What DeFi Users Need to Know
Source: coincu.com

Binance, the world’s largest cryptocurrency exchange by volume, is confronting the largest security breach in its history after attackers drained an estimated $6.3 billion in assets from exchange wallets,...

Summary

  • Blockchain analytics firms TRM Labs and Elliptic attributed the movement pattern to North Korea-linked hackers, though that attribution was still under active investigation and had not been confirmed by Binance or law enforcement as of October 30.
  • Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
  • We will share a full post-mortem once the investigation is complete.” That statement stands as the only official communication from the exchange at the time of publication.
  • Please… More on this in Bitcoin OG Transfers 1,000 BTC to Binance as On-Chain Data Questions $135.6M Claim .
Read the full story on coincu.com

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