Binance has revealed new details on a record-breaking hack that hit the company last week
The hackers who stole $6.3 billion from Binance last week found a way to take 40% of the stolen cryptocurrency in one hit, reducing their chances of being caught in the act, and it cost them just $15.
Hackers behind the $6.3 billion theft from Binance Holdings Ltd. are moving some of the stolen cryptocurrency through Chinese money-laundering networks, according to the blockchain analytics firm...
The hacking group has been behind some of the crypto industry's most recent high-profile thefts.
Gate's tracked assets slipped to $5.943 billion, and Bitstamp barely moved, so not every major rival gained ground.
But crypto can still be a viable investment for those who understand the risks and manage them well.
The hackers who stole billions of dollars in cryptocurrency from the Binance exchange spent months working on the theft and used both social engineering and novel malware in the process, the...
Suspected North Korean theft of $6.34bn came after months-long campaign that made use of compromised software, fake job interviews
Perpetrators laid groundwork for months before ultimately staging the attack last week.
Binance is calling it a "sophisticated, multi-stage campaign" and "not a single isolated breach or a simple phishing incident."
Binance's own asset estimate stood at $157 billion on Monday, down from $171 billion.
While a tougher cold storage rule could protect customer assets from hackers, smaller exchanges may struggle to process withdrawals quickly.
US regulators reportedly contacted banks following last week’s $6.3 billion Binance security hack, while experts raised concerns about transaction security and crypto risks.
US regulators have reportedly reached out to banks after last week’s Binance hack, according to Reuters—an episode regulators and cybersecurity specialists say is forcing closer scrutiny of how...
Federal Reserve and OCC supervisors started calling U.S. banks to check for vulnerabilities after the $6.3 billion Binance hack. On the same day the calls started, a new OCC and FDIC rule took...
Democrats revisit CZ pardon after Binance experienced a major hack, putting the founder’s influence and exchange security under scrutiny.
"The Binance hack may be remembered for the billions that were stolen," writes Blockaid CEO Ido Ben-Natan, "but its longer-term impact could be the changes it forces across the financial industry."
For years, the digital-asset industry has sought to shake up finance by stripping away the intermediaries, delays and controls that govern the movement of money on Wall Street. The pitch: faster...
Binance is now sharing more information about the major hack that resulted in $6.3 billion being stolen from the crypto exchange last week.The cryptocurrency company previously called the incident...
Around $2.85 billion of the stolen $6.34 billion has been frozen, Binance said, meaning that the attackers could not use it or convert it to another currency
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