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Crypto Heists Hit Markets
Binance suffered a hack with estimated losses of about $6.3 billion. It said it had frozen $3 billion in assets but had not provided an update on the remaining $3.3 billion. Preliminary investigations suggest the breach may have begun through an engineer’s computer, while TRM Labs attributed the attack to North Korea’s TraderTraitor group. The attack rattled the market: Bitcoin fell more than 3% to $76,368, and Ether dropped more than 3% to $2,178. The five largest previous thefts include Bybit, at about $1.5 billion; the Ronin Network, at $620 million; Poly Network, at more than $610 million; the BNB Chain, at about $586 million; and the Coincheck exchange, at about $530 million.
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