Binance freezes withdrawals after laptop theft

Following a historic $6.3 billion cryptocurrency theft reportedly originating from a single compromised employee laptop, crypto exchange Binance froze withdrawals and locked down roughly $3 billion in assets. The author argues that for businesses built entirely on trust where assets are held for customers, such security breaches are existential threats. A co-CEO of Binance stated that the company would cover all losses to make customers whole. Open article →