Binance's $6.3bn crypto hack biggest in history
What the coverage says
Cryptocurrency exchange Binance suffered a $6.3bn security breach that is believed to be the largest crypto hack in history. The Independent and The Guardian report that the FBI has attributed the cyber-attack to a North Korean state-sponsored group known as TraderTraitor, which was previously linked to a $1.5bn Bybit hack. Following the incident, which caused crypto prices to fall, Binance stated that it has replenished or covered 90% of the stolen assets, with withdrawals expected to resume on Sunday. The Guardian invited readers to share how the breach has affected them or their crypto security concerns, while The Guardian's business live coverage also noted a slowdown in UK annual house price growth to 0.5% in October.
Written by HeadlineShine from 4 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- The Guardian first reported it
- BBC reported it
- Sky News reported it
- The Independent reported it
- Latest update
