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Binance Reports Major Cyberattack Costing $5.9 Billion and Suspends Deposits and Withdrawals

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The crypto exchange Binance has reported a large-scale cyberattack that it says resulted in losses of roughly $5.9 billion. In response, the company has temporarily suspended deposits and withdrawals on its platform. Binance has not publicly explained how the breach occurred, and industry observers have likewise offered no explanation. The report comes from NDTV, and the available details are limited to the reported loss amount and the suspension measures. Further information on the incident's cause and scope had not been provided at the time of reporting.

Read the full story at NDTV

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Binance Reports Major Cyberattack Costing $5.9 Billion and Suspends Deposits and Withdrawals · ShortSingh