Crypto industry suffers 'largest bank heist in human history'

Cryptocurrency worth more than $6.3bn (£4.7bn) has been stolen from a major exchange - with one industry insider telling Sky News it is "the largest bank heist in human history".The security exploit targeted Binance, one of the world's biggest platforms for trading digital assets, which said it was establishing the facts with urgency. Deposits and withdrawals were suspended for customers - with the company insisting user funds were safe and all hacking losses would be covered.According to TRM Labs, a blockchain intelligence firm that tracks the industry, an elite North Korean hacking unit called TraderTraitor was responsible for the theft - and it was completed in just 20 minutes.That would make it the largest cryptocurrency hack to date - surpassing the $1.5bn that was stolen when the Bybit exchange was targeted last year.Richard Teng, the co-CEO of Binance, said the company's "initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop"."To be clear: the attacker did not simply use one engineer's permissions, and this was not a single 'one-click' action. It involved a more complex attack process," he said in a post on X."Our ...