Binance Hack Becomes Largest Crypto Theft on Record

The Binance hack tops $5B, marking the largest theft in crypto history. Here's why this raises urgent security concerns. The Binance hack has officially become the largest theft in cryptocurrency history, exceeding $5 billion. This surpasses previous record hackers LuBian and Bybit combined, which were valued at $3.50 billion and $1.40 billion, respectively. The implications of this breach could prompt a wider discussion on security measures in the crypto sector, as highlighted by DefiLlama’s recent report. In the broader context, the cryptocurrency market is currently experiencing mixed signals, with varying momentum across different assets.