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Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era

The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.

Β© Tyrone Siu/Reuters

The founder of Binance, Changpeng Zhao, in Hong Kong in August. The company, the world’s biggest crypto exchange, has promised to make customers whole.

Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to β€œNorth Korea’s elite hacking unit.”

Β© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident β€œdoes look like a hack.”
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