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Ranking the Biggest Crypto Heists by Dollar Value and Bitcoin Stolen
A reported $6.3 billion breach at Binance has been cited as potentially rewriting cryptocurrency's record books in dollar terms, according to Bitcoin.com News. Measured in bitcoin rather than dollars, however, the ranking of the largest digital heists looks very different.
Dollar and bitcoin rankings diverge
Bitcoin.com News reports that a $6.3 billion Binance breach may have reset the record books for cryptocurrency thefts when losses are counted in dollars.
The same outlet notes that the picture changes considerably when the same thefts are measured in bitcoin, the asset most often used as a unit of account in such comparisons.
Open questions
- How was the $6.3 billion figure calculated, and at what exchange rate?
- Has Binance confirmed the size of the breach independently?