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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.

© 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.

© 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 “North Korea’s elite hacking unit.”

© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”

Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses

The world’s largest crypto exchange suspended deposits and withdrawals after an apparent hack.

© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”

South Korea Investigates Possible Use of A.I. in Hackings on Its Banks

The president said there were signs that such models were used in recent attacks on several banks involving customer data. Police are investigating.

© Ahn Young-Joon/Associated Press

Hana Bank was one of several financial institutions in South Korea affected by recent cyberattacks.
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