CNA · 2026-10-31 00:29 UTC

Crypto exchanges call for quick moves to bolster defenses after Binance heist

Binance suffered a record $6.3 billion hack on Thursday, allegedly by North Korea, after a compromised software engineer's laptop gave attackers access to withdrawal systems. Coinbase and Kraken are bolstering security measures; Tether froze $1.57 billion and Circle froze $800 million in linked assets. Bitcoin fell 4% and ether fell 5% on Thursday but recovered some losses Friday; industry executives expect Binance has resources to cover losses without broader financial impact.

Loading the story on Tree News…