Binance Hack: Why North Korea's Hackers Are the Prime Suspect

A record-making crypto heist is making headlines. NDTV puts the figure at $6.3 billion stolen from Binance, and BBC News reports that suspected North Korean hackers are the prime suspect.

What's being reported

• NDTV calls it the largest crypto heist in history, citing a $6.3 billion theft.
• BBC News says the accusations, if true, show how powerful suspected North Korean hackers have become.
• NDTV says the attack has raised fresh concerns about the security of cryptocurrency exchanges.

Why exchanges are a target

Crypto exchanges hold huge amounts of digital assets in one place, which makes them attractive to well-resourced attackers. A single weakness can expose large sums.

If you hold crypto

Use strong, unique passwords and two-factor authentication, and think carefully about how much you keep on any one exchange. This is general information, not financial advice.

What to watch

Official confirmation of who is responsible, how much can be recovered, and what security changes exchanges announce.

Via BBC News and NDTV.