Science & Technology · 6 Intermediate · November 4, 2026

Hackers Steal Billions from Crypto Exchange Binance

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Vocabulary

cryptocurrency exchange ˌkrɪptoʊˈkɜrənsi ɪksˈtʃeɪndʒ noun

a platform where people can buy, sell, and trade digital currencies like Bitcoin

Binance is the world's largest cryptocurrency exchange where millions of users trade daily.

phishing emails ˈfɪʃɪŋ ˈɛmeɪlz noun

deceptive emails designed to trick people into revealing personal information or downloading malware

The hackers used phishing emails to trick Binance engineers into visiting fake websites.

security breach sɪˈkjʊrəti britʃ noun

an unauthorized access to a computer system or network that compromises protected information

The company called the incident a serious security breach that exposed sensitive data.

Article

In October, hackers stole a record $6.3 billion from Binance, the world's largest cryptocurrency exchange. The attack was complex and involved multiple stages, using techniques like phishing emails and malicious software. Binance apologized for the incident, calling it a serious security breach that should not have occurred. The theft forced the platform to pause withdrawals temporarily, which concerned millions of users worldwide.

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