Binance Hack Exposes $6.4 Billion in Crypto

Binance confirms a record $6.4 billion hack Thursday, with 420,000 ETH and 18,270 BTC stolen. The exchange set aside $6.34 billion to cover losses, resuming withdrawals in 45 hours. While about $3 billion is frozen, the $1.2 billion emergency fund covers only a third of unfrozen assets.