News about Binance

Cryptocoins Exchanges / Binance - 6 hours ago

The Binance hack, in layman's terms

Let's say the world's largest digital financial institution (Binance) is closely guarded by an automated, robotic security system referred to as Multi-Get together Computation (MPC). The thief (Hacker) didn't hassle making an attempt to i...

by COINS NEWS - 7 hours ago

How much was actually stolen from Binance?

About the Binance hack, I saw three different numbers in the last few hours: 5.6B: pinned post on this subreddit 6.3B: https://www.youtube.com/watch?v=DHCIWzNFp4s 8.9B: https://www.youtube.com/watch?v=Pw0ehu59r8A Which one of these is true? I also...

by COINS NEWS - 7 hours ago

Binance halts withdrawals after record $6.3bn heist

Binance has suspended all withdrawals after the world’s largest cryptocurrency exchange fell victim to what appears to be the biggest heist in history. The exchange put the “estimated total impact” of the hack at about $6.3bn and said around $...