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Binance suffers $6.3 billion hack, largest in crypto history
Binance, the world’s largest crypto exchange, reported a hack resulting in an estimated $6.3 billion loss across multiple blockchains. The breach appears linked to a compromised DevOps engineer’s laptop, allowing attackers to authorize withdrawals without private keys. North Korean-linked TraderTraitor group is suspected. Withdrawals are paused, deposits remain active, and Binance plans to resume withdrawals soon. The exchange will cover losses using its Secure Asset Fund for Users and corporate cash, while partners Tether and Circle have helped freeze about $3 billion of assets.