Hackers Steal $570M From Cryptocurrency Exchange

Ars Technica reports:

Hackers have stolen around $570 million in tokens from Binance, in a rare blow to the world’s biggest crypto exchange and another dent to the troubled digital assets industry struggling to regain trust after a collapse in prices.

It comes at a time when digital assets are trying to recover from a credit crisis that wiped nearly two-thirds off the value of its most high-profile tokens such as bitcoin. Industry data have also indicated that theft from projects is soaring this year.

Cyber criminals had taken nearly $2 billion this year to the end of July, nearly double the total in the first seven months of last year, according to data from Chainalysis.

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