#hack
8 stories
Analysts Say Binance's Pledge to Cover $6.3bn Hack Losses Limited Wider Market Damage
Bitcoin's post-hack drop was milder than after the Bybit and Coincheck breaches, and analysts now see US inflation data and Fed policy as the bigger drivers.
Binance Finance Chief Kaiser Ng to Leave, With Justin Yek Named as Successor
The departure, confirmed by co-CEO Yi He to Reuters, follows a six-month handover and comes just over a week after a reported $6.3bn hack of the exchange.
Hackers Steal €100 Million From French Bank Crédit Mutuel Arkéa and Race It Into Crypto
The Brittany-based bank says the money came from its own account and customers are protected. Paris prosecutors are investigating, and a blockchain sleuth says slow reporting let more than $30 million get away.
Binance Hack Estimated at $6.3bn Weighs on Crypto as Bitcoin Slips to $78,407
Binance freezes withdrawals after an estimated $6.3bn hot-wallet breach. BNB leads declines among major tokens and sentiment sits in fear.
CFTC Chair Cites $6.4bn Binance Hack in Push for US Oversight of Offshore Exchanges
Michael Selig says the record breach supports the agency's proposed crypto rules, though Binance's own account of the attack is more complicated than his.
Binance Reserves $6.34bn of Company Funds to Cover Hack Losses, Says Customer Assets Untouched
Chief executive Richard Teng says $5bn is already held in the stolen tokens, as investigators link the theft to North Korea's TraderTraitor group.
$6.3 Billion Gone in Minutes: Binance Hit by the Biggest Crypto Heist in History
Hackers drained Binance hot wallets across ten blockchains on Thursday night. Withdrawals are frozen, bitcoin is sliding, investigators point to North Korea, and Binance says it will cover every loss.
Binance Finds Further Breach Points in Estimated $6.3bn Hack, Moving Beyond Laptop Theory
Chief executive Richard Teng calls the attack complex, as about $3bn is frozen and Binance says its SAFU reserve and company funds will cover all user losses.