$6.3 billion Binance hack may be largest cyber heist in history

As of November 1, Binance announced it would resume withdrawals after covering nearly all of the $6.3 billion stolen in what is now confirmed as the largest crypto theft ever, attributed by the FBI to North Korean hackers. On October 29, Tether and Circle, issuers of stablecoins, froze over $1.5 billion in funds amid concerns about a potential hack on Binance. The exchange had frozen digital assets worth more than $2.5 billion on October 30 as it investigated the security issue. While initially unsure about the extent of damage and whether any user funds were compromised, Binance later confirmed that all stolen tokens would be reimbursed, with 95% already covered. The FBI has asked crypto exchanges to block transactions linked to specific addresses to prevent laundering of the stolen assets.