Binance Promises to Cover Losses After Hacking for $6.3 Billion The world's largest cryptocurrency exchange, Binance, has reported a massive attack that affected about $6.3 billion in assets. According to preliminary data, hackers broke into the laptop of one of the company's engineers and managed to perform unauthorized operations. After discovering the problem, the exchange temporarily suspended deposits and withdrawals. Together with its partners, Binance managed to freeze about 3 billion dollars in cryptocurrencies. If the scale of the theft is confirmed, it will become the largest in the history of the crypto market. Binance said it will fully cover the losses using its capital and a special user protection fund, Shura. The company assured that customers' funds are safe.

Binance Promises to Cover Losses After Hacking for $6.3 Billion The world's largest cryptocurrency exchange, Binance, has reported a massive attack that affected about $6.3 billion in assets. According to preliminary data, hackers broke into the laptop of one of the company's engineers and managed to perform unauthorized operations. After discovering the problem, the exchange temporarily suspended deposits and withdrawals. Together with its partners, Binance managed to freeze about 3 billion dollars in cryptocurrencies. If the scale of the theft is confirmed, it will become the largest in the history of the crypto market. Binance said it will fully cover the losses using its capital and a special user protection fund, Shura. The company assured that customers' funds are safe.