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Binance Reportedly Hit by $6 Billion Crypto Hack

Original: Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.

The New York Times reports that Binance, one of the world's largest cryptocurrency exchanges, lost over $6 billion in a hack. Details beyond the headline, including when the breach occurred, how it was carried out, and whether customer funds were affected, are not yet provided. The report suggests readers should know the basics of what is being described as one of the largest crypto thefts on record.

Why now: The reported scale of the breach, one of the largest in crypto history, would immediately raise concerns about exchange security and Binance's stability.

BinanceThe New York Times

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