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Hackers Steal $6.3 Billion From Binance in Record Crypto Heist

Hackers Steal $6.3 Billion From Binance in Record Crypto Heist

Hackers have stolen $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in the biggest crypto theft ever. The attack breaks the previous record by a wide margin. It also comes at a hard time for digital assets, which were already under pressure from higher U.S. interest rates and weaker demand from exchange-traded fund buyers. Analysts say it could shake faith in crypto and in the exchanges that hold it.

According to Reuters, most of the theft happened in about 20 minutes starting late Thursday (Oct. 29). TRM Labs and Chainalysis, two U.S. firms that trace crypto transactions, said they’re highly confident North Korea was responsible. TRM said the attackers got Binance’s wallets to empty into wallets…

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