Key facts
- Hackers stole $6.3 billion from Binance in a record cyber theft.
- Binance has frozen about $3 billion of the stolen funds.
- US law enforcement, including the Secret Service and FBI, are investigating the breach.
- The attack is linked to North Korean hacking units by analytics firms.
- Binance assured users that their funds are safe and losses will be covered.
Hackers accessed $6.3 billion from Binance, the world's largest cryptocurrency exchange, in what is believed to be a record-breaking cyber theft. US law enforcement agencies, including the Secret Service and FBI, have joined the investigation to trace and recover the stolen funds. Binance reported that approximately half of the stolen assets have been frozen, and assured users that their money is safe and all losses will be covered. The attack, which involved stablecoins Tether and Circle, has been linked by analytics firms to North Korean hacking units, similar to a previous heist on the Bybit exchange. The incident caused a significant downturn in cryptocurrency markets, with Bitcoin falling 5% and Coinbase and Robinhood stocks also experiencing notable drops.