Binance hack: What we know about the largest cryptocurrency theft in history
The recent hack of Binance, a major cryptocurrency exchange, has resulted in what is believed to be the largest theft in cryptocurrency history. Hackers executed fraudulent transfers from Binance wallets over a span of 20 minutes, targeting various cryptocurrencies including Bitcoin and Ethereum. Initial reports suggest that the attack began with small withdrawals to test the system's vulnerabilities. Binance indicated that the breach may have originated from a security incident involving an employee's laptop, but further investigations revealed additional security flaws.