Crypto’s Biggest Theft Meets Blockchain’s Next Institutional Test With Binance Hack
By PYMNTS
AI summary of the source article
Approximately $6.3 billion in digital assets was stolen from Binance on Thursday, October 29. The incident represents the largest cryptocurrency hack in history.
Key facts
- Approximately $6.3 billion in digital assets was stolen from Binance on Thursday, Oct. 29.
- The stolen funds represent the largest cryptocurrency hack in history.
Source excerpt · PYMNTS
The crypto sector has had its fair share of crimes, scandals, thefts and embarrassments. And the theft of approximately $6.3 billion in digital assets from Binance last Thursday (Oct. 29) certainly ranks up there among the “worst days in crypto history.” But while the billions stolen represent the largest cryptocurrency hack in history, what institutional investors will remember more than any alle…