DAILY MAIL · 2026-11-03 12:52 UTC

'No financial institution is immune from cyber attack': After the Binance hack, JEFF PRESTRIDGE shares stark warning from financial experts. Not everyone will get their money back if the worst happens - you must act now to protect your cash

Binance was hacked by North Korean state-sponsored group TraderTraitor, resulting in $6.3 billion in stolen customer crypto assets. Financial experts warn that no financial institution is completely immune from cyber attacks, though UK banks have better regulatory protections than crypto platforms. UK's cyber resilience chief Richard Horne stated the country's defenses are 'not where it should be' against hostile state actors using AI.

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