SINGAPORE: Hackers stole US$6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record digital asset theft.

WHAT HAPPENED?

About US$6.3 billion of cryptocurrencies were drained from wallets that Binance uses to process transactions, according to the exchange and expert analysis of blockchain records.

Binance said in a statement on X that it initially thought the attack involved a compromised laptop. 

“However, our subsequent investigation has uncovered additional points of breach,” it added, without elaborating.

The exchange operates a secure asset fund for users, a US$1 billion bitcoin reserve designed to protect customers in the event of a security breach, according to its website.

Co-CEO Richard Teng said losses…