Binance Suspends Withdrawals After Hackers Steal $6.3 Billion in Crypto

The New York Times reported that Binance, which it described as the world's largest crypto exchange, had been compromised and had suspended withdrawals after hackers stole $6.3 billion, in what the newspaper said could be the biggest crypto heist ever. New York Times report on the Binance withdrawal suspension and the theft

According to The New York Times, one research lab attributed the theft to "North Korea’s elite hacking unit." The summary of the report did not name the research lab.

The Guardian reported that the incident could be the biggest theft of any kind in history and that, according to experts, it is likely the work of North Korea. The outlet said a North Korean group had been blamed for the $6.3bn heist, and said its explainer answers some key questions, including whether investments are safe. Guardian explainer on who carried out the heist and whether investments are safe

CBS News reported that security experts have called the theft the "largest bank robbery in human history," and that recovering all of the stolen crypto funds will not be easy. Its headline put the amount at $6 billion, which differs from the $6.3 billion cited by the Times and the Guardian. CBS News article on how hard it is to recover the stolen funds

Taken together, the three reports differ on the size of the theft, with the Times and the Guardian citing $6.3 billion and CBS News citing $6 billion. The summaries available for each report are brief excerpts, and the full articles may contain further detail not reflected here.

Sources: The New York Times: Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion; The Guardian: How big a deal is the $6.3bn crypto heist, who did it, and are investments safe?; CBS News: How hard is it to recover the $6 billion stolen from Binance?.