A security breach at Binance, the world's largest crypto exchange, caused an estimated $6.3 billion impact, the biggest crypto heist ever. Binance said it worked with partners to freeze affected assets, with about $3 billion located so far; no update was given on the remaining $3.3 billion. Co-founder Yi He said the company would cover "all hacking losses." The article lists prior major thefts: Bybit's $1.5 billion cold-wallet theft in February 2025, Poly Network's $610 million (2021, mostly returned), Ronin's $540 million (2022), Coincheck's $530 million (2018), and Wormhole's $320 million (2022).

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