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Cyber attacks

Crypto exchange Binance freezes assets after $6.3bn 'complex' security breach

Dawn

Crypto exchange Binance freezes assets after $6.3bn 'complex' security breach

Cryptocurrency platform Binance said Friday it was working to resolve a “complex attack” that hit around $6.3 billion in funds, with about half that amount frozen to prevent a massive theft. The company — the world’s largest crypto exchange by daily trading volumes — said investigations had “uncovered additional points of breach”, contrary to initial findings that suggested the hack involved a single compromised laptop. “This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it,” Binance wrote on X.

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