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How Binance’s $6.3 Billion Hack Went Down

A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.

Β© SeongJoon Cho/Bloomberg

Binance, the world’s largest crypto exchange, said $6.3 billion of funds are involved in what the industry is describing as crypto’s biggest-ever hack.

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.
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