‘Elite North Korean hackers’ blamed for $6.3bn Binance heist – business live

The crypto industry is reeling from a massive hack at Binance, the world’s largest cryptocurrency exchange.

Digital assets worth more than $6.3bn (£4.7bn) have reportedly been taken from Binance by North Korean hackers, apparently after a laptop belonging to one of its engineers was hacked.

The company said its teams are “working around the clock” to resolve the issue.

“Rest assured that user funds are completely safe,” a Binance spokesperson said in a statement.

Binance said it had worked with partners to ⁠freeze the affected assets, with about $3bn ⁠located so far. It gave no update on the status of the remaining $3.3bn as Binance co-founder Yi He said the company would cover “all hacking losses”.