World’s largest crypto exchange hacked with possible losses of $500m

World’s largest crypto exchange hacked with possible losses of $500m

Binance, the latest crypto company to experience a targeted hack, temporarily suspends transactions and the transfer of funds

Binance, the world’s largest cryptocurrency exchange, may have lost half a billion dollars after a hack of its network.

The company temporarily suspended transactions and the transfer of funds after detecting an exploit between two blockchains, a method of digital theft that has been used recently in at least one other major hack.

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