In the biggest hack in the history of cryptocurrencies: how 'safu' are exchanges like Binance?

Binance, the largest cryptocurrency exchange, suffered a massive hack resulting in the theft of approximately $6.3 billion. The breach likely occurred through a programmer's laptop, allowing hackers to execute fraudulent transactions. Binance has temporarily halted deposits and withdrawals while freezing around $3 billion in assets. The exchange plans to reimburse affected customers from its SAFU fund, which was established to protect user funds during such incidents. However, this fund, containing about $1 billion, may not cover the total losses. Experts suspect the North Korean hacker group TraderTraitor is behind the attack, highlighting ongoing security concerns in the crypto sector.