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Crypto heist

Crypto heist

In this photo illustration a Binance logo seen displayed with crypto coins in the foreground. — APP File
In this photo illustration a Binance logo seen displayed with crypto coins in the foreground. — APP File

The theft of $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in just 20 minutes is a reminder of the serious risks facing digital currencies. Cryptocurrency is often presented as the future of finance, offering faster transactions and fewer restrictions. The scale of the attack shows how easily hackers are able to exploit a system designed to protect billions of dollars in assets. Pakistan, too, has taken the lead in promoting digital assets. The Binance attack shows that digital assets remain vulnerable to security…

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