Binance will survive the $6.3 billion hack—but this is the start of a terrifying new era

On October 29, North Korean hackers stole about $6.3 billion from Binance by compromising an engineer’s laptop; Binance restored withdrawals by November 1 and said it would cover customer losses. Tether, Circle and Coinbase froze about $2.5 billion in stolen stablecoins.