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✉news TechnologyCybersecurity first seen 21 h ago, last 30 min ago, peak #1

Binance puts security breach cost at $6.3 billion

Original: Binance estimates security breach impact at $6.3 billion

Binance says a security breach could cost it as much as $6.3 billion, according to an ABC News report. The figure puts the incident among the most expensive security failures in the crypto industry's history and raises questions about how the exchange will absorb the losses and reassure customers.

Why now: The enormous estimated cost of the breach makes it a major story for crypto markets and users worldwide.

BinanceABC News

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