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Binance said the 'total estimated impact' of a major hack of its platform is around $6.3 billion.
Alamy
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Have you ever invested in cryptocurrency?
An attack on cryptocurrency platform Binance comes as many observers worry that the ever-expanding capabilities of AI models could compromise security protocols.
CRYPTOCURRENCY PLATFORM BINANCE has revealed it fell victim to a major hack that hit around $6.3 billion (€5.66 billion) in funds.
The company — the world’s largest crypto exchange by daily trading volumes — posted a series of sometimes contradictory messages on X, insisting that “user funds are completely safe” but also saying it would “cover all losses.”
However, the company said later on its X account for Latin America that “the total estimated impact is around $6.3 billion.”
The attack on Binance comes as many observers express worries that the ever-expanding capabilities of AI models could compromise cryptography and IT security protocols.
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