Binance, the world’s largest cryptocurrency exchange, is reportedly in a desperate scramble to cover staggering losses following what is being described as the biggest heist in crypto history. The sheer scale of the breach has reportedly overwhelmed all existing safeguards and contingency funds the exchange had meticulously put in place to protect against such catastrophic events, leaving its financial stability and user trust hanging precariously in the balance.
Adapted from: WSJ.com: Markets
