Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.

What happened: Hackers took around $6 billion in digital currency from Binance, in what the report describes as possibly the biggest crypto heist in history. Binance said it will cover the losses. Key numbers: Around $6 billion in digital currency stolen. Why it matters: The scale of the loss could make it the largest crypto heist on record, and Binance's commitment to cover the losses places the cost on the exchange rather than users. Coverage: 14 outlets in 24h

Hackers took around $6 billion in digital currency from Binance, in what the report describes as possibly the biggest crypto heist in history. Binance said it will cover the losses.

The scale of the loss could make it the largest crypto heist on record, and Binance's commitment to cover the losses places the cost on the exchange rather than users.