Binance hit by record $6.3B hack; $3.6B withdrawn in run on exchange

Binance, the world's largest crypto exchange, suffered what is believed to be the largest hack in history, impacting $6.3 billion in digital assets. After suspending transactions, the exchange reopened on Sunday, and customers withdrew $3.6 billion in a rapid run. The incident raises systemic concerns for the crypto market and underscores vulnerabilities in centralized exchanges.

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