North Korea Denies Role in $6.3 Billion Binance Crypto Heist

What happened: North Korea rejected US claims that it was behind the theft of more than $6 billion in cryptocurrency from Binance, after the FBI blamed Pyongyang for the biggest crypto heist on record. Key numbers: More than $6 billion stolen from Binance on or around Oct. 29. Why it matters: The Binance hack has sent shockwaves through the crypto industry and renewed scrutiny of the security risks facing an industry seeking broader acceptance among mainstream investors. Binance said it will absorb the full financial impact so users don't bear any losses. Coverage: 10 outlets in 24h

North Korea rejected US claims that it was behind the theft of more than $6 billion in cryptocurrency from Binance, after the FBI blamed Pyongyang for the biggest crypto heist on record.

The Binance hack has sent shockwaves through the crypto industry and renewed scrutiny of the security risks facing an industry seeking broader acceptance among mainstream investors. Binance said it will absorb the full financial impact so users don't bear any losses.