North Korea is behind the biggest crypto heist on the books. The FBI confirmed it after attackers pulled roughly $6.3 billion from Binance and spread the haul across thousands of wallets that keep multiplying.
Binance is eating the loss. It has set aside $6.34 billion from corporate funds, futures reserves, and SAFU so customer balances do not move. Partners have frozen about $3 billion of the stolen crypto, Circle among them with an $823 million block. The FBI and Secret Service are helping chase what is still loose.
Price action stayed oddly calm. Bitcoin fell about 3%, far milder than the nearly 11% slide after Binance’s 2018 breach, even as liquidations hit roughly $1.57 billion. Analysts at Cantor Fitzgerald and TD Cowen are already telling clients the crypto stock dip looks like a chance to add.
$ETH $BTC $NEAR
Binance is eating the loss. It has set aside $6.34 billion from corporate funds, futures reserves, and SAFU so customer balances do not move. Partners have frozen about $3 billion of the stolen crypto, Circle among them with an $823 million block. The FBI and Secret Service are helping chase what is still loose.
Price action stayed oddly calm. Bitcoin fell about 3%, far milder than the nearly 11% slide after Binance’s 2018 breach, even as liquidations hit roughly $1.57 billion. Analysts at Cantor Fitzgerald and TD Cowen are already telling clients the crypto stock dip looks like a chance to add.
$ETH $BTC $NEAR