Is the Binance hack an ‘existential moment’ for crypto? | FT #shorts

It was the largest heist ever. Within a span of a night, more than $6bn vanished from Binance. ⁠
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Authorities point to North Korea as the likely culprit, but the company says it will make customers whole. ⁠
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Columnist Katie Martin and digital markets correspondent Nikou Asgari look at the breach and wonder why billions of dollars have already flowed back onto the platform.

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