Is the Binance hack an ‘existential moment’ for crypto? | FT #shorts

Financial Times17 hours ago1:53

It was the largest heist ever. Within a span of a night, more than $6bn vanished from Binance. ⁠ ⁠ Authorities point to North Korea as the likely culprit, but the company says it will make customers whole. ⁠ ⁠ Columnist Katie Martin and digital markets correspondent Nikou Asgari look at the breach and wonder why billions of dollars have already flowed back onto the platform. ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes ► Follow us on Instagram: https://www.tiktok.com/@financialtimes

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