President Trump says they’re looking into Binance hack as calls grow for crypto rules

Following the $6.3 billion hack of the world's largest crypto exchange, Binance, calls are growing for legislation.
Key Takeaways
- Following the $6.3 billion hack of the world's largest crypto exchange, Binance, calls are growing for legislation.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security

Inside the largest crypto hack on record: How attackers breached Binance for $6.3 billion
Investigators tie the $6B Binance hack to North Korea. Here's how hot-wallet signing infrastructure was compromised and where funds went.

Binance hackers deploy never-seen-before laundering tactics to conceal $6.3 billion theft
Hackers behind Binance's $6.3 billion breach are using previously unseen laundering tactics while rapidly converting stolen assets into other cryptocurrencies. On Oct. 30, blockchain analytics firm Chainalysis said that investigators identified thousands of…

Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018
Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.