Binance's $6.3 Billion Cyber Heist Shows Crypto Vulnerabilities
Share
Binance, the world's largest cryptocurrency exchange, has suffered the industry's biggest-ever hack, with $6.3 billion worth of funds affected and $3 billion in crypto frozen. The company will cover all losses and "user funds are safe," it said, and withdrawals are expected to resume by Sunday as it works with law enforcement and completes a security revamp. Bloomberg's Emily Nicolle joins to discuss.
More from Australia
American Tungsten completes Nexus acquisition for Pinnacle MOU
Butn extends MYOB invoice financing agreement to 2027
Celsius Resources updates market on US$5M dispute
Estrella Resources signs sales deal for 27,000 tonnes
McPherson's reports $20.3M full year net loss
Novatti reaches €1.2B quarterly transaction volume