Cryptocurrency giant Binance said Thursday that a major security incident had an estimated total impact of approximately $6.3 billion, with $3 billion already frozen, as the exchange temporarily suspended deposits and withdrawals and pledged to cover customer losses.In a statement to FOX Business, a Binance spokesperson said the company was working to resolve the incident and had temporarily halted transactions as a precaution."Binance has confirmed a security incident and our teams are working around the clock to resolve it," the spokesperson said."User funds remain safe. As a precaution, all...
Thieves make off with $6.3B from Binance: 'Biggest hack in history'
HALO Observer Insight
An independent HALO consumer takeaway — for costs, wellness, or policy context — will appear here automatically for this story. HALO adds this original editorial insight to every syndicated report before publication.
Contributors
Wayne G Fraser
HALO Contributor
Insurance Broker
Insurance Industry
State
Georgia, North Carolina, South Carolina
NPN
17934945