"The largest cyber attack in history". Billions of dollars have disappeared from the cryptocurrency exchange.

Binance reported a significant hack involving unauthorized transactions, attributed to a North Korean hacking group. The exchange has frozen around $3 billion in stolen funds and assured users that their assets are safe. They temporarily halted deposits and withdrawals while enhancing security measures. Analysts believe this incident marks the largest hack in history, with North Korean hackers likely using money laundering networks to cash out stolen assets. The attack has led to notable declines in major cryptocurrencies, including Bitcoin and Ethereum.