What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

Binance, the world's largest cryptocurrency exchange, suffered a $6.3 billion hack, potentially the biggest crypto theft ever. In response, the exchange revoked affected address authorizations and collaborated with law enforcement and blockchain firms to trace assets. Binance is now preparing a phased restoration of withdrawals subject to security checks. To support users, the company committed its own funds to replace stolen assets while investigators continue their comprehensive review of the breach and recovery plan.