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Binance Reports $6.3 Billion Crypto Theft, Believed to Be Largest on Record

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Binance has disclosed that $6.3 billion in cryptocurrency funds were stolen from its platform, which would make it the largest crypto hack on record. The exchange stated through a series of posts on X that user funds remain safe. Roughly $3 billion of the affected assets have been frozen so far. Binance has committed to covering all losses from the incident, drawing on an emergency reserve fund and more than $6.34 billion in company funds set aside for the purpose.

Read the full story at The Verge

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