Donald Trump · North Korea · Republicans · Cointelegraph
Binance $6.3 billion record hack sparks pre-election political clashes
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Some political and administration figures tried to make hay of the biggest-ever crypto heist.
Key facts
- Yesterday, hackers stole more than $6 billion from Binance in less than 4 hours, the biggest heist in history
- Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering their opinions with a US election approaching on Nov
- Still, Democratic Representative Maxine Waters said in a Friday news release that “The reported $6.3 billion hack of Binance should be a wake-up call to anyone who thinks the cryptocurrency industry
- On Saturday, Binance said it had already covered 90% of the impacted amount of the hacked loss
Summary
Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering their opinions with a US election approaching on Nov. 3 and voting already having begun in many locations. President Donald Trump was asked at a news conference on Friday about the hack of Binance. The crypto exchange said in a post on X late Friday that it would cover any losses. It was not clear whether there was any immediate political advantage to be gained from the hack, which was widely attributed to a North Korean group, but Republican and Democratic sides began staking out positions almost immediately.