The company promised to cover all losses but has suspended withdrawals.

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Cryptocurrency exchange Binance has reportedly been hit with a cyber attack that resulted in an estimated $6.3 billion loss, The New York Times reported. The company promised to cover all losses but has suspended withdrawals. The value of the theft would be a record if accurate, easily eclipsing a $1.5 billion hack of the Bybit exchange last year.

"The estimated total impact is around $6.3 billion, and [Binance] has worked with blockchain partners to freeze affected assets, with approximately $3 billion frozen on-chain so far," the company wrote in an article on its website . "Binance...…