Why is North Korea being blamed over the $6.3bn Binance hack? | BBC News
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Why is North Korea being blamed over the $6.3bn Binance hack? | BBC News
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Binance, the world's biggest crypto exchange, has lost $6.3bn (£4.7bn) in what is believed to be the largest hack in history.
Fingers are being pointed at a North Korean hacking unit and it's not the first time the regime has targeted the cryptocurrency industry.
North Korea is accused of using cyber criminals to help fund its military and nuclear program.
So did this play out and what happens now? In this video...
0:57 What is cryptocurrency and how does it work?
2:07 What is Binance?
3:15 How did the hackers carry out the attack?
4:15 Is North Korea behind the attack?
5:36 Is my money safe?
6:09 What is the impact for investors?
7:12 What does this mean for the future of crypto?
Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#hacking #crypto #binance #northkorea #BBCNews
Fingers are being pointed at a North Korean hacking unit and it's not the first time the regime has targeted the cryptocurrency industry.
North Korea is accused of using cyber criminals to help fund its military and nuclear program.
So did this play out and what happens now? In this video...
0:57 What is cryptocurrency and how does it work?
2:07 What is Binance?
3:15 How did the hackers carry out the attack?
4:15 Is North Korea behind the attack?
5:36 Is my money safe?
6:09 What is the impact for investors?
7:12 What does this mean for the future of crypto?
Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#hacking #crypto #binance #northkorea #BBCNews
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