Cryptocurrency

Binance's $6.3 billion hack creates windfall for crypto arbitrage traders

Crypto traders exploited sharp price gaps after hackers stole $6.3 billion from Binance, with rushed transactions costing the attackers an estimated $119 million, according to Bitquery

North Korea denies role in Binance crypto heist, criticizes FBI probe

North Korea on Tuesday denied its involvement in the recent cryptocurrency heist at Binance, dismissing as "a trite provocation" a US announcement that North Korean hackers were behind the incident. Binance, the world's biggest cryptocurrency exchange, said Friday that hackers stole more than USD 6 billion in what appears to be the largest cryptocurrency heist on record. The FBI later said the theft was orchestrated by North Korean hackers, attributing the attack to a hacking group known as TraderTraitor, which was also behind a USD 1.5 billion hack of the Bybit exchange last year. On Tuesday, Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, called the FBI announcement "a trite provocation" and "an absurd rhetoric." "This is not the first time that the US has attempted to spread misunderstanding of the DPRK in the international community, blindly linking the DPRK with the cyber crime' incidents whenever they occur on an international scale," she said in a ...

Binance hack: Who pays when a crypto exchange loses investors' money?

The Binance cyberattack raises questions about the safety of cryptocurrency held on exchanges, who bears the losses and what protection Indian investors have

Bitcoin's resilience after Binance hack masks lingering market jitters

The original cryptocurrency rose about 1% Monday, trading around $78,300 at 1 p.m. in Singapore

Binance sees spike in customers pulling funds out after $6.3 billion hack

Binance said it had now covered 95% of the stolen assets. It said after an initial spike, withdrawals were stabilizing

Binance resumes crypto withdrawals after covering bulk of stolen $6.3 bn

The heist, which the FBI has tied to North Korea and analysts believe may be the biggest financial robbery ever, adds to a string of recent crypto thefts

Explained: How hackers stole $6.3 bn in crypto from Binance in just 20 mins

While Binance has said it will cover customer losses, the attack has drawn attention to vulnerabilities in the systems exchanges use to authorise and process transactions

Binance says it has covered $6 billion of $6.3 billion stolen in hack

The ​remaining amount, now less than 10%, consists of assets that are less liquid and may take longer to source in the required ​amounts, according to Binance

Binance says 90% of assets stolen in record hack have been replenished

The cryptocurrency exchange said the replenishment included funds from its own corporate treasury

Binance's $6.3 bn hack signals the start of a risky era for crypto security

The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds

Binance crypto exchange's $6.3 bn heist rattles crypto, draws scrutiny

The US agencies are coordinating with private-sector partners to assess the breach and recover stolen funds, while Binance pledged to cover all losses

US probing possible North Korean link to $6.3 bn Binance hack: Trump

The US president said Washington was investigating whether North Korean hackers were behind the record cryptocurrency theft, as Binance said about $3 billion of the stolen assets had been frozen

Binance hack exposes unsolvable crypto risk: Billions can vanish overnight

The record-breaking theft has shaken confidence in cryptocurrency infra, with Binance and its partners freezing billions of dollars in assets and pledging to reimburse customers for their losses

Binance hit by record $6.3 bn crypto theft; North Korea suspected

Binance halted withdrawals after hackers stole $6.3 billion in a record crypto heist, with analysts suspecting North Korea. The exchange said it would cover losses as cryptocurrency prices fell.

Binance's possible hack triggers $3 billion freeze in crypto assets

The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday

Crypto investors must research; invest only what they can lose: Experts

At the Business Standard Smart Investor Arena 2026, experts urged young investors to understand crypto fundamentals, start small and assess risks as tokenisation and stablecoins gain ground.

BFSI Insight Summit: Crypto industry calls for greater regulatory clarity

At the BFSI Insight Summit 2026, crypto experts called for clearer regulations and tax reforms, warning that high taxes were pushing trading overseas despite strong adoption in India.

Crypto industry leaders flag tax hurdles, seek regulatory clarity in India

India's cryptocurrency industry needs greater regulatory clarity and a tax framework that accounts for the way digital assets are traded and used, cryptocurrency experts said at the Business Standard.

Crypto boom or risk trap? Experts explain what young investors need to know

Business Standard Smart Investor Arena 2026: Experts urged young investors to understand crypto's risks, technology and use cases before putting money into it

Crypto devices built to foil hackers may have come with spies inside

Malaysian retailer CryptoBilis, a reseller of hardware crypto wallets, has become a focal point of an investigation into thefts from devices meant to secure digital assets offline