Binance, the world’s largest cryptocurrency exchange, has halted all withdrawal requests after a cyber‑attack that saw hackers siphon off roughly $6 billion in digital assets.
The incident, described by the company as the biggest crypto heist in history, has left investors and regulators scrambling to understand how the breach was carried out and what safeguards failed.
Binance says it is actively working to recover the stolen funds and to investigate the breach, but it has not yet released a detailed timeline for when withdrawals may resume.
Security experts warn that the scale of the loss underscores the vulnerabilities that still exist in the largely unregulated crypto market, raising questions about the adequacy of current safeguards and the identity of the perpetrators.
Geoff Bennett recently discussed the case with author Geoff White, who wrote “The Lazarus Heist,” to explore the implications of the theft for the wider cryptocurrency ecosystem.
<small>Source: PBS NewsHour — read the original story there.</small>
