Binance halts trading after biggest-ever crypto hack — SkimNews
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- Binance halted trading on Thursday after hackers allegedly linked to North Korea stole more than $6 billion, described as the largest crypto hack in history.
- Binance paused withdrawals in addition to halting trading; companion coverage specified the loss as $6.3 billion, while the North Korea link remained alleged rather than confirmed.
Why it matters: Binance halted trading and paused withdrawals after a theft reported at $6.3 billion, making the response a material interruption of core exchange activity rather than a paper loss alone. For Binance and its users, the practical consequence was curtailed access to a marketplace handling a record-scale theft.
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