Binance lost control of $6.3 billion in assets Crypto exchange Binance faced a large-scale cyber attack. According to the site's own estimates, the incident affected approximately $6.3 billion in assets. This could become the biggest cryptocurrency heist in history. Binance stated that some of the funds were frozen thanks to cooperation with other market participants. According to the latest stock market data, we are talking about 3 billion dollars. Tie and Circle blocked more than $2.3 billion worth of assets related to the attack. The rest of the funds continue to be monitored. Binance founder Changpeng Zhao, known as CZ, said he expects to fully cover user losses. The stock exchange itself also officially promised to compensate for the damage from the SAFU fund and its funds. Pending the investigation, Binance has suspended deposits and withdrawals on the affected networks. At the same time, another event occurred. Thus, the attack affected Polymarket users. According to blockchain analysts, about $2.73 million was withdrawn from 737 wallets. The platform reported that one of the third-party providers was harmed and promised to compensate the victims for losses. Against this background, Bitcoin fell below $77,000. The market reacted to the news with a sell-off: investors were reminded that even the largest crypto platforms are not immune to large-scale attacks. There were also reports of hacks to Baybit, Bitget and Swyftx, which caused hundreds of millions and even billions of dollars in damage. But so far there is no confirmation of this, perhaps only an exception following the situation with Binance. The main intrigue of the night now seems to be not only how much money has been stolen, but also how quickly the crypto industry can regain user trust. This again may take too long.

Binance lost control of $6.3 billion in assets Crypto exchange Binance faced a large-scale cyber attack. According to the site's own estimates, the incident affected approximately $6.3 billion in assets. This could become the biggest cryptocurrency heist in history. Binance stated that some of the funds were frozen thanks to cooperation with other market participants. According to the latest stock market data, we are talking about 3 billion dollars. Tie and Circle blocked more than $2.3 billion worth of assets related to the attack. The rest of the funds continue to be monitored. Binance founder Changpeng Zhao, known as CZ, said he expects to fully cover user losses. The stock exchange itself also officially promised to compensate for the damage from the SAFU fund and its funds. Pending the investigation, Binance has suspended deposits and withdrawals on the affected networks. At the same time, another event occurred. Thus, the attack affected Polymarket users. According to blockchain analysts, about $2.73 million was withdrawn from 737 wallets. The platform reported that one of the third-party providers was harmed and promised to compensate the victims for losses. Against this background, Bitcoin fell below $77,000. The market reacted to the news with a sell-off: investors were reminded that even the largest crypto platforms are not immune to large-scale attacks. There were also reports of hacks to Baybit, Bitget and Swyftx, which caused hundreds of millions and even billions of dollars in damage. But so far there is no confirmation of this, perhaps only an exception following the situation with Binance. The main intrigue of the night now seems to be not only how much money has been stolen, but also how quickly the crypto industry can regain user trust. This again may take too long.