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Binance hit by record $6.3 billion crypto hack, likely linked to North Korea

Binance hit by record $6.3 billion crypto hack, likely linked to North Korea

Binance, the world’s largest cryptocurrency exchange, was hit late Thursday by what investigators say is the biggest crypto hack in history. with $6.3 billion in digital assets affected.

Binance has temporarily suspended customer withdrawals. The company and outside investigators are racing to track down the stolen funds. It said in a X post that $3 billion of the total estimated $6.3 billion in affected assets have been “frozen on-chain so far.” Customer withdrawals should resume by Sunday, Binance CEO Yi He said in a separate social media post.

Binance added it “will cover all losses” from using its Secure Asset Fund for users and company reserves.

“User funds are safe,” the exchange said, adding…

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