Hacking News
Binance hack of $6.3 billion prompts calls for stronger crypto oversight
The $6.3 billion hack of Binance has left many customers unable to withdraw funds. Rep. Maxine Waters criticized the Trump administration and called for stronger consumer protections and oversight. President Donald Trump questioned whether the stolen assets could be recovered and suggested North Korean hackers might be involved. CFTC Chair Michael Selig and Sen. Cynthia Lummis urged federal registration and the CLARITY Act to improve exchange safeguards. The incident has renewed debate over crypto regulation.