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Binance probes possible $5.7 billion crypto hack, possibly the biggest in history

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Crypto exchange Binance is investigating what could be the biggest crypto hack in history as users saw upwards of $5.7 billion in funds drained from wallets Thursday afternoon.

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  1. Binance probes possible $5.7 billion crypto hack, possibly the biggest in history

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    Crypto exchange Binance is investigating what could be the biggest crypto hack in history as users saw upwards of $5.7 billion in funds drained from wallets Thursday afternoon.

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  • Binance probes possible $5.7 billion crypto hack, possibly the biggest in history

    Axios ·

    Crypto exchange Binance is investigating what could be the biggest crypto hack in history as users saw upwards of $5.7 billion in funds drained from wallets Thursday afternoon. Driving the news: Binance co-founder Changpeng "CZ" Zhao, who is no longer an executive at the company, said on X that the crypto exchange appears to have been hacked, although a company spokesperson says it's still investigating the matter. The Binance spokesperson said the exchange's security teams are "reviewing all relevant information with urgency." The big picture: If estimates hold up, the suspected Binance hack would be the biggest crypto attack in history. In 2025, North Korea-linked hackers stole about $1.5 billion worth of crypto from the Bybit exchange.

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