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Binance reports $6.3bn security breach, pledges to cover losses

Premium Times's headline. Reported by Premium Times.

File picture: Jonathan Riddell uploaded and derivative work: MrPanyGoff via Wikimedia Commons, CC BY-SA 2.0

What Premium Times reported

Binance said it expected to resume withdrawals within 48 hours, promising to provide further updates.

The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.

Binance reports $6.3bn security breach, pledges to cover losses. Binance said it expected to resume withdrawals within 48 hours, promising to provide further updates. Covered by 1 publications. Premium Times: Binance reports $6.3bn security breach, pledges to cover losses.

Who is covering it

  1. Premium Times Nigeria Binance reports $6.3bn security breach, pledges to cover losses Binance said it expected to resume withdrawals within 48 hours, promising to provide further updates. 5 h ago · Tier 2

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

More from Nigeria

File picture: Shiraz Chakera via Wikimedia Commons, CC BY-SA 2.0
Business · Crypto 4 publications

Hackers steal $6 billion from Binance in biggest crypto heist in history

According to The Times of India, Binance lost approximately $6.3 billion in a heist traced to a compromised engineer's laptop, and the exchange has paused withdrawals. Al Jazeera English reported Binance said $6.3bn was stolen and linked the theft to North Korean hackers. The Verge reported Binance disclosed $6.3 billion in stolen funds, said user funds are safe, and that around $3 billion of the affected assets were in the process of recovery. Nairametrics put the figure at more than $6 billion, citing investigators who described it as the biggest crypto theft in history. The sources differ on the exact amount, with figures of $6 billion and $6.3 billion reported. The story is developing. Summary from 4 sources

Sources differ: Nairametrics reports more than $6 billion stolen, while The Times of India, Al Jazeera English and The Verge report $6.3 billion.

Summary from 4 sources Nairametrics first also Al Jazeera English, The Verge, The Times of India

File picture: Evan Bench via Wikimedia Commons, CC BY 2.0
Breaking Business · Crypto 4 publications

Sinkholes, scarred land and scapegoats: the scourge of illegal gold mining in Johannesburg

The Guardian, in several editions, reported on illegal gold mining in Johannesburg under the headline "Sinkholes, scarred land and scapegoats." According to the excerpts, there is no end in sight for the drivers of illegal mining, and police action appears ineffective. The reporting draws on Cora Bailey, who has encountered illegal miners since 1991 while treating injured animals in townships around Roodepoort, west of Johannesburg. The excerpts say the rising price of gold has been a factor, but they are cut off before giving further detail. The story is marked as developing, and the available excerpts do not include other outlets' coverage or any official response. Summary from 4 sources

Summary from 4 sources The Guardian Business first

File picture: Benh LIEU SONG, public domain, via Wikimedia Commons
Business · Crypto

Biggest hack in history: Cryptocurrency giant Binance loses $6.3 billion

Cryptocurrency exchange giant Binance has been targeted by a record-breaking $6.3 billion cyber heist, with blockchain intelligence firms linking the attack to North Korea. By Thursday night in the US, a coordinated effort by major crypto platforms successfully froze roughly $3 billion of the stolen Excerpt, France 24

Source France 24