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Where Binance’s $6.3 billion breach ranks in crypto’s biggest hacks and heists

Where Binance’s $6.3 billion breach ranks in crypto’s biggest hacks and heists

SINGAPORE, Oct 30 (Reuters) – A security breach at Binance, the world’s largest cryptocurrency exchange, has resulted in an estimated $6.3 billion impact, the biggest crypto heist ever.

Binance said it had worked with partners to ​freeze the affected assets, with about $3 billion located so far. It gave no update ‌on the status of the remaining $3.3 billion, though Binance co-founder Yi He said the company would cover “all hacking losses”.

The crypto industry has suffered a series of thefts, prompting questions about the security of customer funds and investors ​to possibly rethink the risks of owning digital assets.

Reporting by Ankur Banerjee in ​Singapore and Tommy Reggiori Wilkes, Tom Wilson and Elizabeth Howcroft in London;…

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