Binance Loses $6.3B to Hackers | JQJO

Binance, the world’s largest cryptocurrency exchange, confirmed that hackers stole approximately six point three billion dollars in digital assets. The exchange later announced it had reserved more than six point thirty-four billion dollars in company funds to cover the losses, including five billion dollars already held in the same cryptocurrencies that were stolen. Binance is purchasing additional tokens through market and over‑the‑counter transactions to replace the remaining affected assets. About three billion dollars in stolen assets have been frozen on‑chain with the help of industry partners, and recovery efforts continue. The exchange temporarily suspended withdrawals while conducting security checks. Experts warn that this incident signals a broader wave of sophisticated cyberattacks, especially as artificial intelligence grows more powerful.