00:00Binance, the world's largest cryptocurrency exchange, is investigating a US$6.3 billion
00:05security breach. At that scale, it would be the biggest crypto theft on record.
00:11According to US blockchain analysis firms, North Korean state-sponsored hackers was behind the raid.
00:20Binance said it had worked with partners to freeze the affected assets with about US$3 billion
00:25located so far. It is yet to update on the status of the remaining US$3.3 billion.
00:31All deposits and withdrawals are temporarily suspended until the security issue is fully
00:36resolved. Binance's co-founder, Yi He, said the company would cover all losses.
00:42Binance allows users to buy, sell and trade digital assets. The exchange reported about
00:48US$162.8 billion in assets under custody in its annual report in 2025.
00:53This incident is the biggest crypto theft yet, surpassing the US$1.5 billion stolen from
01:00Dubai-based exchange Bybit in February 2025, a theft also attributed to North Korea.
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