Binance hit by massive $6 billion hack; North Korea suspected
Binance, the world's largest cryptocurrency exchange, halted withdrawals following a cyberattack resulting in the theft of $6 billion. The breach originated from an engineer's laptop, facilitating unauthorized transactions. While the company is working to recover funds and has frozen roughly $3 billion, it assured users that their holdings are secure and that the company will cover the losses. Cybersecurity firms like TRM Labs and Pangolin Intelligence have linked the incident to North Korean hackers, citing technical patterns observed in previous attacks. The news caused a temporary decline in major cryptocurrencies like Bitcoin and Ethereum.