Watch: What we know about Binance's $6.3bn hack
A major exchange hit
Binance, described as the world’s biggest crypto exchange, reported a hack involving $6.3bn (£4.7bn). The incident has left some of the assets beyond the company’s control. The exchange said half of the assets had been frozen. Many others, it added, remain with the hackers.
North Korea link unconfirmed
Two analytics firms attributed the incident to a North Korean hacking unit. However, no one has publicly claimed responsibility for the hack. Binance did not directly respond to questions about whether the incident may be connected to North Korea.
What is known so far
The available information points to a large-scale breach, with only half of the assets frozen, according to Binance. The identity of those responsible has not been confirmed. BBC business reporter Archana Shukla explains what is known about the incident so far.
Key points
- Binance said the hack involved $6.3bn (£4.7bn).
- The company said half of the assets have been frozen.
- Many assets remain in the hands of the hackers, Binance said.
- Two analytics firms cited a North Korean hacking unit, but no one claimed responsibility.