Crypto scammers steal $100m from Binance
Scammers have stolen $100 million in cryptocurrency from Binance, the world’s biggest exchange for cryptoassets, the firm said on Friday.
Company chief Changpeng Zhao wrote on Twitter that “an exploit” in the system led to extra production of the exchange’s dedicated currency, adding: “The current impact estimate is around $100m.”
“The issue is contained now. Your funds are safe. We apologise for the inconvenience and will provide further updates accordingly,” he wrote.
It is among the biggest thefts in cryptocurrency history, although it is still dwarfed by the mammoth heist of more than $500 million from the Axie Infinity blockchain game earlier this year. Scammers are increasingly using weaknesses in “cross-chain bridges” — the means used by investors to move assets from one blockchain to another.