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Binance Reports Finding Additional Breach Points in $6.3 Billion Hack

(4 hours ago) · 1 source · Summarized by CryptoBipto

Binance has reportedly identified additional points of breach related to a $6.3 billion hack. The exchange's investigation appears to be ongoing as new details about how the attack was carried out continue to emerge.

WHY IT MATTERS

When a cryptocurrency exchange gets hacked, it is similar to a bank robbery — except in crypto, the stolen digital funds can sometimes be traced on the blockchain but are often difficult to recover.

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SOURCES

  • decrypt.co

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