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.

you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 7 hours ago (3 children)

On Yelp you can filter by "Accepts Cryptocurrency". It's usually a restaurant owner who wants to avoid fees.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 0 points 6 hours ago (2 children)

    It can only do 10 transactions a second. It was never built for payment processing.

    It's a digital asset.

  • source
  • parent
  • hideshow 2 child comments