Binance, the world's largest cryptocurrency exchange, suffered a record-breaking hack in which approximately $6.3 billion was stolen, with the attack tentatively linked to a North Korean hacking unit called TraderTraitor. Around $3 billion in assets were frozen by stablecoin issuers, but hackers successfully converted roughly $3.3 billion into assets that cannot be frozen. Binance has suspended withdrawals, reserved over $6.34 billion in company funds to cover losses, and is working with law enforcement, with co-chief executives assuring customers that their money is safe.
