# Crypto industry faces stark security challenges after US$6.4 billion Binance hack

https://mins.news/en/item/126229

- South China Morning Post, 2026-11-02 23:00 UTC
- Economy
- Original: https://www.scmp.com/business/cryptocurrency/article/3373009/crypto-industry-confronts-stark-security-challenges-after-us64b-binance-hack

> Industry leaders at Hong Kong’s Fintech Week are seeking ways to tackle crypto crime after Binance’s historic hack. More than US$3 billion in stolen assets remain with hackers alleged to be from North Korea. Fireblocks global head of banking initiatives Tim Way said every endpoint and server must be treated as potentially compromised.

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