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Binance Crypto Heist
Hackers stole about $6.3 billion from Binance wallets used to process transactions after breaching the signing infrastructure that authenticates them, enabling them to issue instructions to drain the wallets. Most of the theft took place in about 20 minutes. Around half of the stolen assets were frozen, while the platform said the losses would be covered by its user protection fund and company resources. The attackers’ identities have not been established, although blockchain analytics firms said the attack resembled previous operations attributed to North Korean hackers.
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