Binance, the world’s largest cryptocurrency exchange, estimated the losses from the recent security breach at about $6.3 billion and announced the temporary suspension of deposits and withdrawals. Initial investigations indicate that the intrusion likely began through a hacked laptop belonging to one of the employees in the company’s technical department.

Mehdi Saramifard, a science and technology journalist, explains the scope of this cyberattack, the possibility of the involvement of North Korea’s Lazarus group, and its implications for the cryptocurrency market.

Hashtags: ["Iran International"]