Binance, the world's largest cryptocurrency exchange, has been hacked and approximately $6.3 billion (approximately S$8 billion) in crypto assets were stolen, causing the largest known theft in cryptocurrency history. How did this attack happen? Can Binance Sustain Losses? Are Singaporean investors affected? What precautions should investors take?

Binance, the world's largest cryptocurrency exchange, has been hacked and approximately $6.3 billion (approximately S$8 billion) in crypto assets were stolen, causing the largest known theft in cryptocurrency history. How did this attack happen? Can Binance Sustain Losses? Are Singaporean investors affected? What precautions should investors take?