Binance Hack: Inside 24 hours at crypto’s biggest-ever $6.3 bn internet bank robbery | Full story from 4:20 pm Thursday

What happened: Binance halted deposits and withdrawals on Thursday, 29 October after suspicious transactions drained more than $6 billion in digital assets, an incident attributed to the North Korean group TraderTraitor. Key numbers: Over $6 billion in outflows; $6.34 billion set aside by Binance to cover losses; more than $2 billion frozen by Tether and Why it matters: The breach has renewed scrutiny of Binance's risk controls and security investments given its dominant market position, and it follows the Bybit attack, raising questions about the security of major crypto platforms. Coverage: 6 outlets in 24h

Binance halted deposits and withdrawals on Thursday, 29 October after suspicious transactions drained more than $6 billion in digital assets, an incident attributed to the North Korean group TraderTraitor.

The breach has renewed scrutiny of Binance's risk controls and security investments given its dominant market position, and it follows the Bybit attack, raising questions about the security of major crypto platforms.