Report: Binance Allegedly Hit by $6.3 Billion Breach in Possible Record Crypto Heist

BusinessDay NG reports a security incident at Binance that, if confirmed, would mark the largest cryptocurrency theft on record. BusinessDay NG reported on October 30 that Binance experienced a security breach valued at approximately $6.3 billion. The outlet characterized the incident as the largest cryptocurrency heist recorded so far. Details on how the breach occurred, when it took place, and which assets were affected were not included in the available reporting. Binance operates as the largest centralized cryptocurrency exchange by trading volume. It handles custody for millions of users and billions of dollars in digital assets daily.