JAPAN TIMES · 2026-10-31 03:05 UTC

Binance hack exposes unsolvable crypto risk: disappearing money

Hackers stole at least $6.3 billion from Binance in the largest single cyberattack on record, forcing the exchange to freeze billions in assets. Binance promised to reimburse affected customers, but the breach is damaging confidence in crypto infrastructure and institutional adoption efforts. Cybersecurity experts warn the heist exposes fundamental security vulnerabilities that could deter Wall Street institutions from entering the crypto market.

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