What We Know About Binance’s Multi-Billion-Dollar Crypto Hack

What we know about Binance’s multi-billion-dollar crypto hack

One of the world’s top cryptocurrency exchange platforms, Binance, was hit by a cyberattack on October 29 that led to the loss of assets valued at over $6 billion.

Explained: What Binance’s $6.3b hack reveals about crypto insurance

Hackers stole $6.3 billion from Binance in the world's biggest crypto heist, putting a spotlight on how cryptocurrency exchanges insure their digital assets against theft and cyberattacks.But insurance protection is far from uniform. Coverage depends on how assets are stored, how hackers gain access and the specific terms of the policy.Limited regulation and volatile crypto prices have long made insurers wary of the sector, despite growing deman…

'A complex attack': What we know about the largest crypto heist in history

Binance, the world’s largest crypto exchange, suffered a hack that saw around US$6.3 billion stolen from user accounts.

Binance loses $6.3 billion in crypto heist—what happens to your money when an exchange gets hacked

Crypto exchanges make it easier to buy, sell and store digital assets, but they come with risks, too.