Image source, Getty Images- Published12 minutes ago
Binance, the world's largest crypto exchange, has been hit by what is believed to be the largest crypto hack ever at $6.3bn (£4.7bn).
Crypto is a type of digital asset which does not exist physically like cash or coins. Instead, people use digital wallets on their smartphones or computers to access and manage it.
Richard Teng, Binance's co-chief executive officer, said it is working with the authorities to work out what has happened and it will cover all losses.
