Hackers broke into the largest crypto exchange Binance and were able to withdraw five billion dollars On the night of October 30, hackers broke into the largest crypto exchange Binance and transferred to themselves, according to various estimates, 1.7 to 5.5 billion dollars in cryptocurrency. This is the biggest cyber theft in history. The exchange's founder, Changfeng Zhao, acknowledged the hack but said users' funds were safe. Stablecoin operators Tether (USDT) and Circle (USDC) reported that they quickly blocked the stolen $1.7 billion. Thus, how much total damage Binance suffered is still unknown. The cryptocurrency market reacted to the Binance hack by falling. Thus, Bitcoin fell 3.5% after news of the hack, but then rallied.

Hackers broke into the largest crypto exchange Binance and were able to withdraw five billion dollars On the night of October 30, hackers broke into the largest crypto exchange Binance and transferred to themselves, according to various estimates, 1.7 to 5.5 billion dollars in cryptocurrency. This is the biggest cyber theft in history. The exchange's founder, Changfeng Zhao, acknowledged the hack but said users' funds were safe. Stablecoin operators Tether (USDT) and Circle (USDC) reported that they quickly blocked the stolen $1.7 billion. Thus, how much total damage Binance suffered is still unknown. The cryptocurrency market reacted to the Binance hack by falling. Thus, Bitcoin fell 3.5% after news of the hack, but then rallied.