Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.

Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.

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[–] 2 points 13 hours ago

Agreed. I'm extremely skeptical this was a "hack" and more like a laundering-scheme. What was offered in return, I wonder.

Remember too that this is the company whose CEO Trump pardoned as the article notes:

The company was founded by the Chinese-born entrepreneur Changpeng Zhao, now a Canadian and United Arab Emirates citizen, who was jailed for four months in 2024 after pleading guilty to money laundering violations. Donald Trump pardoned him in 2025.

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