Binance froze assets after a hacker attack, tracking down billions of dollars

Binance reported a significant security breach estimated at $6.3 billion, potentially the largest theft in cryptocurrency history, attributed to North Korean hackers. The exchange has frozen affected assets and assured users that their funds are safe, although deposits and withdrawals are temporarily halted. Preliminary investigations suggest the breach may have originated from a compromised engineer's laptop. Binance co-founder Yi He stated that the company will cover any losses from the hack, with withdrawals expected to resume within 48 hours. The incident has caused market declines, with Bitcoin and Ethereum prices dropping significantly.