NEW YORK (AP) — Binance and its billionaire founder have long been accused of profiting off crypto criminals.
Now they have become victims.
Targeted in what looks like the largest cryptocurrency heist in history, Binance and Changpeng Zhao have been front-page news for most of the crypto exchange’s short history, often in unflattering ways.
He and his company have been accused of turning a blind eye as the exchange was used by drug traffickers, child abusers, terrorists and money launderers. Zhao himself even went to jail over the charges. On Thursday, a hacking group, possibly from North Korea, turned against the company, allegedly stealing an estimated $6.3 billion in bitcoin and other crypto from its customers.
Now they have become victims.
Targeted in what looks like the largest cryptocurrency heist in history, Binance and Changpeng Zhao have been front-page news for most of the crypto exchange’s short history, often in unflattering ways.
He and his company have been accused of turning a blind eye as the exchange was used by drug traffickers, child abusers, terrorists and money launderers. Zhao himself even went to jail over the charges. On Thursday, a hacking group, possibly from North Korea, turned against the company, allegedly stealing an estimated $6.3 billion in bitcoin and other crypto from its customers.
