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.
Read the full article.
The theft of $570 million in tokens from Binance signals both a rare blow to the world’s biggest crypto exchange and another dent to the digital assets industry struggling to regain consumer trust. (Via @FT)https://t.co/ts8x6wudWA
— Ars Technica (@arstechnica) October 8, 2022