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Binance halts withdrawals after reported $6.3 billion hack

Original: binance

Binance suspended withdrawals and transactions after reporting what is described as the biggest-ever cyber heist, with losses estimated at up to $6.3 billion. The security scare triggered billions in frozen crypto assets and heavy outflows, while bitcoin tumbled below $78,000. Major outlets including Reuters, Bloomberg and the Financial Times are covering what steps come next for customer funds.

Why now: A suspected record-breaking hack of the world's largest crypto exchange is rattling markets and raising questions about customer funds.

BinanceBitcoinCNBCReutersBloomberg

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