Binance has suspended all withdrawals after the world’s largest cryptocurrency exchange fell victim to what appears to be the biggest heist in history.
The exchange put the “estimated total impact” of the hack at about $6.3 billion and said around $3 billion of affected assets, mainly stablecoins that act as cash for the crypto market, had been frozen.
But analysts at Elliptic said the attacker had changed about $3.3 billion into digital assets that could not be frozen and was working to cash those out as traditional currency.
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