AP · 2026-10-30 19:42 UTC

Long accused of abetting crypto crimes, Binance has now become a victim

Binance and founder Changpeng Zhao, long accused of enabling crypto crimes, were targeted in what appears to be the largest cryptocurrency heist in history, with hackers allegedly stealing an estimated $6.3 billion in bitcoin from customers. Zhao, a former McDonald's worker who founded Binance in 2017, built it into the world's largest crypto exchange with an estimated net worth exceeding $100 billion, but faced regulatory scrutiny and jail time for violating the Bank Secrecy Act. After serving four months in prison in 2024, Zhao was pardoned by President Trump in October, who has become a…

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