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Big Tech and the digital economy

Binance Confirms Record $6.3 Billion Crypto Hack, Suspending Withdrawals Amid Complex Security Breach

The world's largest cryptocurrency exchange by daily volume has confirmed a massive cyberattack with an estimated impact of $6.3 billion, potentially making it the largest crypto theft in history. While approximately $3 billion in assets have been frozen and user funds are guaranteed safe via the SAFU fund, withdrawals remain suspended with a resumption expected within 48 hours.

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