Binance Heist Raises Fresh Questions Over Crypto Security

A reported $6.3 billion theft from cryptocurrency exchange Binance has renewed concerns about weaknesses in the industry’s cybersecurity systems. Experts say hackers can exploit a single employee’s credentials and use inadequate internal safeguards to steal massive amounts. More than $22.3 billion has been stolen in cryptocurrency hacks since 2021, highlighting calls for stronger security standards, transaction controls and investor protections.