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Search results for “Binance”

19 stories for “Binance”

Stories

19 stories
Markets & Finance

US spot bitcoin ETFs lose $643 million after Binance hack

US spot bitcoin ETFs experienced $643 million in outflows, the largest in four months, following a significant hack of Binance that raised security concerns in the crypto market. This incident highlights the...

The Block · · 1 min read
Business

Binance restores 90% of $600 million stolen in KuCoin hack

Binance restored 90% of the $600 million stolen in the 2022 KuCoin hack using industry reserves. This recovery mitigates financial damage but highlights persistent vulnerabilities in digital asset security.

Sky News · · 2 min read
Crime & Justice

North Korea's Lazarus Group linked to $6.3 billion Binance theft

North Korea's Lazarus Group is identified as the likely perpetrator behind the $6.3 billion theft from Binance, highlighting the nation's reliance on cybercrime to finance its regime. This incident, the...

BBC Technology · · 2 min read
Business

Binance loses $6.4 billion in hack, Bitcoin price drops 3%

Binance experienced a historic breach, losing approximately $6.4 billion in assets, but Bitcoin's price only fell 3%, indicating the market's increased resilience since 2018. This event underscores the...

Decrypt · · 2 min read
Business

Coinbase shares drop 9.2% after $6.3 billion Binance hack

Coinbase's shares fell 9.2% following a $6.3 billion hack at Binance, leading to a broader sell-off in the crypto sector that erased over $12 billion in market value. The incident raises concerns about the...

CoinTelegraph · · 2 min read
Business

Elon Musk mocks Binance after $6.3 billion hack; CZ responds

Elon Musk mocked Binance over its recent $6.3 billion hack, while Binance CEO Changpeng Zhao pointed out that their investment in Musk's SpaceX is now valued at over $1 billion. This public exchange highlights...

Decrypt · · 2 min read
Crime & Justice

Binance assures users funds are safe after $2.3 billion heist

Binance said on Tuesday that all customer assets remain intact after a coordinated cyberattack that siphoned an estimated $2.3 billion from the exchange’s hot wallets, the largest theft in cryptocurrency...

NBC News · · 2 min read
Crime & Justice

Binance confirms $6.3 billion hack, half of funds frozen.

Binance confirmed it was hacked, with approximately $6.3 billion in digital assets stolen, marking the largest crypto heist to date; half of the stolen funds have been frozen. The incident has raised concerns...

BBC Business · · 1 min read
Technology

BBC publishes guide to cryptocurrency terms after Binance hack

The BBC has released a guide explaining common cryptocurrency terms like Bitcoin and blockchain, amid rising public interest and concerns following a $6.3 billion hack at Binance. This resource aims to help...

BBC Technology · · 2 min read

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