A significant cyberattack resulted in the theft of about $6.3 billion from Binance, the largest cryptocurrency exchange, in what is described as the largest theft in the sector's history. Additionally, Polymarket experienced a separate theft of at least $2.6 million. Both exchanges have stated they will cover the losses, but the recovery of funds in the cryptocurrency market is not guaranteed. These incidents highlight ongoing cybersecurity risks in the crypto industry.
Key facts
- Hackers stole approximately $6.3 billion from Binance.
- The theft from Binance took about 20 minutes.
- At least $2.6 million was stolen from Polymarket.
- Both platforms plan to cover the losses in full.
- Polymarket's operations are split between two separate exchanges.
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