Crypto

Hackers took $6.3bn from crypto exchange Binance in about 20 minutes. It's being called the biggest theft in history

If you hold crypto on an exchange, you don't really hold the coins yourself: the exchange does. If it's hacked, you're relying on its promise to pay you back. In the UK there's no compensation scheme for crypto like there is for bank savings. And hacks like this are usually followed by a wave of scam messages offering fake 'refunds'.

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