Binance says hackers spent months plotting a $6.3B crypto heist. Exchange risk is back on the tape: security and counterparty confidence drive flows more than any single token.

What happened: Binance said hackers used a computer and an internal A.I. tool to take control of the machines of two engineers on its wallet team, plotting a $6.3 billion crypto heist over months. Key numbers: $6.3 billion; two engineers. Why it matters: The disclosure details how an internal A.I. tool and compromised engineer machines were used in an attempted theft of billions in crypto from Binance's wallet team. Coverage: 8 outlets in 24h

Binance said hackers used a computer and an internal A.I. tool to take control of the machines of two engineers on its wallet team, plotting a $6.3 billion crypto heist over months.

The disclosure details how an internal A.I. tool and compromised engineer machines were used in an attempted theft of billions in crypto from Binance's wallet team.