Binance says $6.3 billion stolen in record crypto hack, The Verge reports

Binance says $6.3 billion in crypto was stolen in a hack disclosed today in posts on X, The Verge reports. It is believed to be the biggest cryptocurrency theft on record, according to The Verge, heightening scrutiny of centralized platform security and risk controls. The disclosure comes as crypto markets remain volatile and as exchanges face renewed pressure to harden security and proof-of-reserves claims.

Binance said in posts on X that user funds are safe and that it is investigating in real time, but it has not specified which wallets or networks were targeted, whether trading or withdrawals are affected, or who is responsible, The Verge notes. Watch for confirmation of the breach's mechanics, any limits on trading or withdrawals, cross-chain asset freezes or recoveries, and potential regulatory responses. [Developing. This article will be updated.]