00:02Cryptocurrency giant Binance has suspended all transactions while authorities investigate what's
00:07being called the biggest cyber heist in history. The company's founder says that user funds are
00:12safe, but hackers apparently made off with about $6.3 billion. Two cybersecurity research firms
00:19told the Wall Street Journal the heist appears to have been conducted by North Korea's Trader
00:24Trader hacking group, which already had pulled off many of the largest crypto hacks ever.
00:29Binance says it's working with law enforcement to figure out how the theft happened. In the meantime,
00:35it has suspended all deposits and withdrawals as its team conducts security checks and freezes funds.
00:40In a post on social media, the company said its initial investigation
00:44shows one of its development operations engineers' laptops was compromised,
00:49allowing hackers to quote, submit unauthorized withdrawal transactions.
00:53Binance says it will cover the losses from the apparent hack.
00:56Prices for Bitcoin, the world's largest cryptocurrency,
01:00fell 3% on Thursday after Binance announced the hack. Other cryptocurrencies fell as well.
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