Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far
The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.
Binance said it would cover all customer losses as it froze $3bn of the affected assets.
Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.
What % of payment transactions are done by crypto?
No idea. How is that related?
Crypto is not used as a currency, purchasing goods and services. It’s a speculative asset that’s used as a fiat debasement trade.
Most of it is owned by the same banks that caused the crash that bitcoin was created to avoid. Pretty fucking ironic.