Cryptocurrency and the contradictions of digital capitalism
Bangladesh, Nov. 5 -- In a sophisticated cyberattack whose most intensive phase lasted approximately twenty minutes, hackers stole an estimated $6.3 billion in cryptocurrency from Binance, the worlds largest cryptocurrency exchange, in what investigators have described as the biggest digital asset theft in history. The attack, whose precise mechanism remains under investigation, involved multiple points of breach and allowed hackers to transfer billions of dollars in digital assets into wallets under their control. Blockchain investigators have attributed the operation with high confidence to a North Korean hacking organization, although the investigation remains ongoing. Binance temporarily suspended withdrawals, pledged to cover custome...
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