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Binance was hit by a hacker attack of approximately $6.4 billion, the largest theft in crypto history, and has reserved over $6.34 billion to cover the losses.
Binance suffered a hack of approximately $6.4 billion, making it the largest cryptocurrency theft in history, with funds flowing out via the Ethereum, Bitcoin, and Tron networks. Tether and Circle have frozen about $2.39 billion in stablecoins, and Binance has pledged to set aside over $6.34 billion in company funds to cover the losses. Binance stated that initial investigations pointed to a DevOps engineer's laptop being compromised, with other intrusion points subsequently discovered. As a result, the prices of Bitcoin, Ethereum, and BNB fell, and over $1.33 billion in positions were liquidated.
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