NEW STRAITS TIMES · 2026-11-03 00:10 UTC

Binance's Malaysia comeback bid faces fresh scrutiny after US$6.3bil breach

Binance suffered a US$6.3 billion security breach, raising concerns about its cybersecurity and asset protection capabilities. The exchange is seeking regulatory approval in Malaysia to operate as a licensed digital asset exchange operator, but the breach may complicate its efforts. Malaysian regulators are expected to conduct deep-dive inquiries into the incident's root cause, remediation measures, and safeguards for local customer assets before granting approval.

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