Binance's $6.3B Hack Triggers 100-Person War Room Response

A hack on Binance stole $6.3 billion in cryptocurrencies, prompting the exchange to activate a 100-person "war room" to track the funds and prevent further transfers. The attack began Thursday afternoon New York time. The attackers used code to access Binance's blockchain accounts, draining assets while systems replenished balances. Tether and Circle froze over $2.3 billion in stablecoins linked to the theft, though this does not guarantee recovery. Blockchain intelligence firms attributed the attack to North Korean hackers, citing fund movements mixed with assets from a prior Bitget breach. Binance promised to reimburse affected users and increase security investments.