Times Now · Technology
Hackers Hit Bitcoin Network Used by Exchanges, Steal $320 Million in Crypto
A Bitcoin-based network used by major crypto exchanges comes under scanner as it is hit by the hackers in one of the biggest digital-asset security breaches in recent months. The hacking resulted in the theft of roughly $320 million and dealing another sharp blow to digital asset safety. Approximately 4,000 of the 4,200 Bitcoin stored in its primary wallet were withdrawn unauthorized. In response, administrators halted all settlement activities to mitigate further risks.
Why it matters. This major breach highlights significant vulnerabilities in digital-asset infrastructure, impacting major cryptocurrency exchanges and threatening investor security.
- Hackers targeted a Bitcoin-based network utilized by major crypto exchanges.
- The security breach resulted in the theft of approximately $320 million.
- This incident represents one of the largest digital-asset security breaches in recent months.
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