Binance cyberattack triggers sharp drop in major cryptocurrencies

A cyberattack on Binance, the world's largest cryptocurrency exchange, resulted in the theft of over $6 billion in virtual assets, causing major cryptocurrencies to fall sharply. The FBI has attributed the attack to North Korea. Binance reported $4.7 billion in withdrawals on Sunday following the heist, which is considered the largest cryptocurrency theft ever. The exchange said it will cover all losses and has already used company funds to restore 90% of stolen tokens, with withdrawals resuming in phases. The FBI identified the North Korean hacking group TraderTraitor as responsible, the same group linked to a $1.5 billion theft from Bybit in February. President Donald Trump expressed doubt about North Korea's involvement, while Bitcoin fell about 5% and Ethereum nearly 6% following the news.