Binance Hack: How Safe Is Your Crypto?
from Morning Brief Hosted by BFM Media
A reported US$6 billion cryptocurrency heist at Binance, the world's largest crypto exchange, has raised serious questions about the security of digital assets and the protection available to investors. Although Binance says it has recovered 90% of the stolen funds and will cover remaining losses, the incident has renewed concerns about vulnerabilities across the industry. Zhong Yan Chan, Head of Research at CoinGecko, examines how such attacks happen, what investors should look for when choosing an exchange, and whether using a locally regulated platform offers Malaysians greater protection. We also explore what the industry must do to restore investor confidence. Image Credit: Shutterstock
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