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    Binance hack exposes limits of crypto exchanges’ emergency shutdown controls

    Binance is calling it a “sophisticated, multi-stage campaign” and “not a single isolated breach or a simple phishing incident.”

    Binance says North Korean hackers stole $6.34 billion funds in a technical breach

    Binance reported a cyberattack attributed to North Korea that compromised $6.34 billion in digital assets. Approximately $2.85 billion of the affected assets have since been frozen or intercepted. The attackers utilized fake job interviews and advanced malware to breach Binance's security systems. Subsequently, the company took steps to replenish the lost assets and mitigate the damage caused.

    Bitcoin rattled by biggest crypto heist in history! Why Warren Buffett and Charlie Munger hated cryptocurrency

    A reported $6 billion crypto heist at Binance has rattled investors and revived concerns about cryptocurrency risks. Binance said its initial investigation pointed to a compromised DevOps engineer’s laptop, which may have enabled unauthorised withdrawals. The FBI blamed North Korea for the attack, while Binance said it would cover the losses.

    Binance suspends withdrawals after $6.3 billion hack: Is your crypto safe? Here's what to do now

    Binance has temporarily suspended deposits and withdrawals following a reported security incident involving an estimated $6.3 billion in digital assets. The crypto exchange has pledged to cover customer losses, while users are urged to protect their accounts, watch for recovery scams and understand the risks of keeping crypto on an exchange.

    Could Binance’s $6.3 billion hack trigger a crisis across crypto’s billionaire network as CZ turns to Elon Musk for support?

    Binance's significant security breach has led to a public dispute between Changpeng Zhao and Elon Musk. Zhao is seeking Musk's support while trying to reassure Binance customers that their funds remain secure. The incident highlights Binance's investments in Musk's businesses, specifically with SpaceX. Binance aims to recover affected assets and restore normal operations following this crisis. Meanwhile, the situation has attracted the attention of cybersecurity investigators and cryptocurrency traders.

    PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper

    PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.

    The Economic Times
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