Binance says $6.3bn stolen in biggest crypto heist in history: What we know

Binance, the world’s largest cryptocurrency exchange, says hackers have stolen about $6.3bn in what appears to have been the biggest crypto heist on record . The company, which was co-founded by the Chinese-born Canadian billionaire Changpeng Zhao, suspended deposits and withdrawals on Thursday and said it would cover all losses, telling Al Jazeera in a statement that user funds were “safe”. Two United States blockchain analysis firms have claimed the attack originated in North Korea. So how did it happen, and what does it mean for the crypto market? Here’s what you need to know: Blockchain analysis firms TRM Labs and Chainalysis say most of the theft unfolded over about 20 minutes, starting late on Thursday. “An attacker moved approximately 6.