Simple explainer of the massive $6.3 billion crypto heist at Binance

A reported $6.3 billion cyber heist at Binance is being described by experts as the largest in history, after hackers allegedly accessed investor accounts in about 20 minutes. The breach began Thursday at 4:05 p.m. Eastern, with criminals reportedly taking just over $6.3 billion in cryptocurrencies. TRM Labs’ Ari Redbord said the theft is “the largest bank robbery in human history,” comparing it to instant movement of stolen funds online. Binance, working with partners, has frozen about $3 billion and says it will repay victims, though details are unclear. Analysts widely attribute the attack to North Korea’s TraderTraitor unit.