Binance Co-CEO Takes Responsibility for $6.3 Billion Crypto Heist
Binance co-CEO Richard Teng said the company was responsible for a breach that let hackers take $6.3 billion from digital wallets on its exchange.
Story updates
06:36:28 PM UTC
SquawkNews
The heist that pulled billions in digital currencies off of crypto exchange Binance wasn't the result of a single compromised laptop, Binance co-CEO Richard Teng tells CNBC. "This is not one single mistake or one click," he says. The attackers, believed to be linked to North Korea, built a fake dev…
Binance co-CEO Richard Teng says the cryptocurrency company is responsible for a breach that let hackers take $6.3 billion from digital wallets on its exchange. "This shouldn't have happened," Teng says on CNBC. "We take full responsibility on that front." He adds that while an internal AI tool was…