Cryptocurrency exchange scrambles to freeze affected assets, with about $3bn located so far, and says it will cover losses

Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.

Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.

  • explodicle@sh.itjust.worksEnglish
    0·
    10 days ago

    On Yelp you can filter by “Accepts Cryptocurrency”. It’s usually a restaurant owner who wants to avoid fees.

    • deHaga@feddit.ukEnglish
      0·
      10 days ago

      It can only do 10 transactions a second. It was never built for payment processing.

      It’s a digital asset.