FT reports more than $6bn taken from Binance overnight
Overnight loss of more than $6bn
The Financial Times says more than $6bn vanished from Binance within a span of a night. The FT describes it as the largest heist ever.
Binance is a blockchain platform and exchange, meaning a service where people trade crypto assets. The FT says the case is being examined by columnist Katie Martin and digital markets correspondent Nikou Asgari.
Attribution claim and promise to customers
Authorities point to North Korea as the likely culprit, according to the FT. The source does not present that attribution as confirmed.
Binance says it will make customers whole, according to the FT. That means the company says customers will be compensated for losses.
Billions reported back on the platform
The FT says billions of dollars have already flowed back onto Binance. The source raises the question of why that happened, but does not give a confirmed reason.
What remains unconfirmed
The supplied material does not confirm who carried out the breach. It also does not explain why funds returned to the platform.
Source for this report
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.