Binance hackers raced to move billions before it could be frozen
Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.
Exchanges
Binance loses $6.3 billion in crypto heist—what happens to your money when an exchange gets hacked
A record-breaking hack at Binance, the world's largest cryptocurrency exchange, is a reminder of the risks investors take when trusting a company to hold their digital tokens.
Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
The record-breaking hack of Binance is exactly why offshore crypto exchanges need U.S. oversight, CFTC Chairman Michael Selig argued, using the roughly $6.4 billion theft to press the agency’s case for a federal ruleboo…
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Binance hack: Investigators in a 'cat and mouse game' to recover $6.3 billion in stolen funds
Crypto firms and law enforcement are racing to recover more than $6 billion worth of cryptocurrency stolen from Binance before hackers manage to hide the funds.
How Binance Plans To Cover $6 Billion Hack Without Hitting Customers
Binance says customer balances are untouched by this week’s hack because the stolen crypto came from one of its own hot wallets, which the exchange legally owns. A Binance spokesperson explained the setup to journalist …
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance is working with the FBI and U.S. Secret Service after hackers stole $6.4 billion from the cryptocurrency exchange, as Circle joins the recovery effort by freezing more than $800 million in assets connected to th…
Coinbase leads crypto stock selloff following $6.3B Binance hack
Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.
Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea
Binance, the world's largest cryptocurrency exchange, says it has frozen around half of the funds stolen in a "complex" hack, after $6.3bn (£4.7bn) was accessed in what is believed to be a record heist.
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Recap: How Binance’s record $6.3B hack unfolded
A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge.
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Binance will cover every dollar lost in this week's hack with its own money, CEO Richard Teng said in a video address on Friday, adding that customer funds were never touched.
Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
Cryptocurrency exchange Binance has kept withdrawals suspended after a theft it estimates at $6.3 billion, the largest crypto heist on record, leaving customers unable to move assets off the platform while it rebuilds i…
Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
Binance co-founder Changpeng Zhao, better known as CZ, called out Elon Musk on Friday after the billionaire appeared to mock the exchange following a $6.4 billion hack—the largest in history—reminding him that Binance h…
How big a deal is the $6.3bn Binance crypto heist, who did it, and are investments safe?
The incident at Binance could be the biggest theft of any kind in history. We answer some key questions
Binance working with FBI to recover assets following $6.3B hack
Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.
Binance says it holds $5B in matching tokens to cover hack losses
The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
Binance hackers using ‘never-seen-before laundering patterns’ to hide proceeds of $6.3bn heist – business live
Most major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows .
Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all o…
TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Three blockchain analytics firms have attributed this week's hack of Binance to North Korea, with two of the largest naming TraderTraitor, a North Korean hacking group, as responsible for what both describe as the large…
Binance arranges $6.34 billion to cover losses from record crypto hack
Binance has begun buying back cryptocurrencies stolen in its $6.3 billion security breach, using company reserves and market purchases to replace affected assets in matching token amounts as investigators continue traci…
Live updates: Binance says $6.34B set aside to cover hack losses
Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.
Binance: Already Reserved Over $6.34B Of Company Funds To Cover
Strategy Executive Chairman Michael Saylor has backed Binance’s promise to make customers whole after its $6.3 billion hack, as the exchange has reserved more than $6.34 billion of company funds to replace affected asse…
EIP-7702 didn’t cause Binance hack, but may have amplified losses
Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.
Binance Hack Detailed Report : What Happened, How $6.3 Billion Was Stolen and What’s Next?
The post Binance Hack Detailed Report : What Happened, How $6.3 Billion Was Stolen and What’s Next? appeared first on Coinpedia Fintech News
THORChain’s RUNE jumps 13% after Binance’s record $6.3B hack
North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.