Binance says it froze about $3bn of $6.3bn stolen in record crypto hack
· 50-word read
In 50 words
Binance, the world's largest cryptocurrency exchange, says it has frozen about $3bn of the $6.3bn stolen in a hack believed to be a record. Analytics firms link the attack to a North Korean hacking unit. Binance says user funds are safe and losses will be covered.
Why it matters
Binance is the world's largest crypto exchange, estimated to have more than 300 million registered users worldwide, so a hack of this size is a major test for the industry and for customers' confidence.
What's next
"
