Watch Desk posted an update
Bloomberg says Binance reported that $6.3 billion in funds were affected by a hack, with $3 billion in crypto frozen. That adds a concrete detail to the reported theft: a substantial sum has been frozen, though the report does not say how much might ultimately be recovered.
Why it mattersThe scale makes this a significant security development for the exchange and its customers. Bloomberg’s video report attributes the figures to Binance; they are not a final accounting of losses.
Discuss: What evidence should an exchange publish before customers can judge whether frozen funds are likely to be recovered?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.