Skip to content
BETA
Sign in Start

Menu

Account

Language

Technology

Binance Hack Results in Massive Crypto Theft; Gulf Energy Assures Thai Market Stability

Matichon Online One source

A major security breach at Binance has led to the theft of 210 billion baht in cryptocurrency, with authorities recovering nearly half of the funds.

According to a report by Matichon Online, the global cryptocurrency market is reeling following a significant security breach at the Binance exchange. Hackers successfully siphoned approximately 210 billion baht in digital assets. In response to the incident, international efforts to track and recover the stolen funds were immediately launched, resulting in the successful recovery of nearly half of the compromised capital so far. While the scale of the theft has caused widespread concern within the global financial technology sector, Gulf Energy has issued a statement aimed at reassuring stakeholders. The company confirmed that the Thai market remains secure and unaffected by this specific incident. For residents and travelers in Thailand who utilize digital assets, this event highlights the ongoing risks associated with centralized cryptocurrency exchanges. While the immediate impact on local infrastructure appears to be contained, users are advised to remain vigilant regarding their personal digital security. At this time, investigations into the full extent of the breach and the identities of the perpetrators are ongoing. Further details regarding the final recovery status of the remaining funds and any potential long-term regulatory implications for the crypto industry in Thailand remain to be confirmed.