Hackers have stolen more from Binance, the world's largest cryptocurrency exchange, than from the entire cryptocurrency market combined over the past two years. The incident became a "black swan" event for the industry, the Center of Experts for Digital Financial Assets and Digital Currencies of the Banks' Union of Russia told TASS. Despite the scope of the attack, it is too early to talk about critical flaws in the Binance security system. It is more likely a case of social engineering, the center explained.

Hackers have stolen more from Binance, the world's largest cryptocurrency exchange, than from the entire cryptocurrency market combined over the past two years. The incident became a "black swan" event for the industry, the Center of Experts for Digital Financial Assets and Digital Currencies of the Banks' Union of Russia told TASS. Despite the scope of the attack, it is too early to talk about critical flaws in the Binance security system. It is more likely a case of social engineering, the center explained.