Crypto heist: Binance says it has set aside funds to cover losses from theft

CNA8 hours ago4:25

Binance is working to restore confidence, saying it has set aside funds to cover losses from a record-breaking cyberattack, as it steps up efforts to recover more than US$6 billion in stolen assets. The world's largest cryptocurrency exchange says it already reserved about the same amount or US$6.3 billion of company funds to replace those losses. CNA spoke to Jonathan Levin, CEO and Co-Founder of Chainalysis, about what the heist says about the sophistication of hackers.

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