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What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

Binance Security Incident
The Binance logo is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. Credit: AP Photo/Matt Slocum, File

Binance, the world’s biggest cryptocurrency exchange, said Friday that hackers stole more than $6 billion in what appears to be the largest cryptocurrency heist on record. Blockchain firms have pointed to the attack coming from a North Korean hacking unit.

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