Binance security breach has $6.3 billion impact in potential record crypto heist

Binance, the world's largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets. Binance said it had worked with partners to freeze the affected assets, with about $3 billion located so far. It gave no update on the status of the remaining $3.3 billion as Binance co-founder Yi He said the company would cover "all hacking losses". An initial investigation suggested the breach may have started with a hacked laptop belonging to one of its engineers, which let an attacker gain access to one of its systems and make unauthorised withdrawals, Binance said. Markets reacted immediately in early Asian trading on Friday. Bitcoin dropped more than 3% to a six-week low of $76,368 and ether fell more than 3% to a two-month low of $2,178. BNB, a token originally launched as Binance Coin that can be used to pay Binance fees, was down 5% over the past 24 hours at $709.70, according to market aggregator CoinGecko. To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of y...