On Thursday, over the course of just a few hours, hackers drained $6.3 billion from Binance, the world’s largest cryptocurrency exchange. While the facts of the case are still emerging, it is easily the biggest crypto heist to date, and blockchain forensics firm TRM Labs has attributed it to a North Korean government-sponsored hacking group called TraderTraitor. Behind the dazzling numbers, the event reveals just how much power private corporations wield over a technology that is becoming inextricable from money itself.
Binance hack heralds new era of corporate heists
