BloombergLean L·
Binance’s $6.3 Billion Cyber Heist Shows Crypto Vulnerabilities
Binance, the world’s largest cryptocurrency exchange, has suffered the industry’s biggest-ever hack, with $6.3 billion worth of funds affected and $3 billion in crypto frozen. The company will cover all losses and “user funds are safe,” it said, and withdrawals are expected to resume by Sunday as it works with law enforcement and completes a security revamp. Bloomberg's Emily Nicolle joins to discuss. (Source: Bloomberg)
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