Tech Stocks Plummet; Hackers Steal Over $6B in Cryptocurrency

As of October 30, Binance, the world's largest cryptocurrency exchange, reported that attackers may have stolen up to $6.3 billion in digital funds during what is now considered the largest crypto hack ever recorded. Initially, Binance suggested that a compromised staff laptop might be involved but later indicated additional points of breach. To prevent further losses, Tether and Circle froze over $1.5 billion and $2.54 billion, respectively, in stablecoins as a precautionary measure. While the extent of damage is still being investigated, Binance has reassured users that all customer funds are safe and will cover any hacking losses from its own funds. Industry experts and sources speculate North Korean involvement due to similarities with past attacks on cryptocurrency exchanges.