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Finance

Binance loses billions in major cyber heist

Outlets report that Binance suffered a massive cyber theft exceeding six billion dollars, with recovery efforts and investigations underway.

a computer screen displaying a stock market chart
Illustrative photo · Behnam Norouzi / Unsplash

At a glance

  • Cryptocurrency exchange Binance lost billions in a cyber attack.12
  • Investigators and the company are working to recover the stolen funds.46

Cryptocurrency exchange Binance suffered a massive cyber heist resulting in the theft of billions of dollars.12

Security experts and reports describe the incident as the largest cyber attack of its kind.23

The exchange and investigators are actively attempting to recover the stolen funds.46

Where sources agree

  • Binance suffered a massive cyber theft6 of 6
  • Amount stolen is over six billion dollars6 of 6
  • Recovery efforts are underway4 of 6

Who covered this

5 National1 International

Sources

  1. 1CNBCBinance loses $6.3 billion in crypto heist—what happens to your money when an exchange gets hacked ↗
  2. 2NPRHackers steal over $6 billion from crypto exchange Binance in staggering heist ↗
  3. 3CBS NewsHow hard is it to recover the $6 billion stolen from Binance? ↗
  4. 4BBC NewsCrypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea ↗
  5. 5The New York TimesBinance Was Hacked. What Protections Exist for Crypto Customers? ↗
  6. 6CNBCBinance hack: Investigators in a 'cat and mouse game' to recover $6.3 billion in stolen funds ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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