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Logede · Crypto

How Binance’s $6.3 Billion Hack Went Down

⟶ An estimated $6.3 billion in cryptocurrency was stolen from the Binance exchange. The hack occurred on May 7, 2019, and involved the theft of 7,000 bitcoins. The stolen funds were transferred through multiple anonymous Bitcoin transactions.

Why it matters

Binance users are affected as their cryptocurrency was stolen from the exchange.

#cryptocurrency#cybersecurity#exchange hack#Binance#bitcoin

Source: The New York Times

This content was prepared with AI assistance and summarised from the source report.