The Binance Crypto Hack
Aims
Explore a major crypto theft, North Korea’s denial, and the challenge of trusting online money platforms.
The lesson, stage by stage
- News10 min
In the news: The story
Read a 97-word news story: A Huge Crypto Theft—and a Strong Denial
A major breach at crypto exchange Binance was reported to have caused losses of $6.3bn. US agencies and cyber experts accuse North Korea of being behind the attack. North Korea says it did not carry out the attack and continues to deny the claim. US agencies and analysts have linked the attack to a hacking group, while North Korea says the accusation is politically motivated. Binance paused trading after the attack, then reopened it. Customers were able to withdraw more than $3.6bn in assets, and the FBI asked crypto firms to freeze transactions linked to the group.
- Vocabulary8 min
Vocabulary: Words in the news
6 items
- Discussion10 min
Discussion: Trust and security
2 discussion questions
- What makes you feel that a website or money app is safe to use?
- If a platform had a serious security problem, what would you want it to do first?
- Discussion10 min
Discussion: Your money online
2 discussion questions
- Have you ever stopped using an app or service because you did not trust it? What influenced your choice?
- Would you consider keeping money in a digital currency account? Why or why not?
- Discussion10 min
Discussion: Responsibility and trust
2 discussion questions
- When a cyberattack happens, who should take the lead in helping people: the company, the government, or both?
- How can people judge competing claims when they do not have all the information?
Target vocabulary
In a Tuton account these words become your student's vocabulary deck, so they come back in practice between lessons.
- breach
- A break-in or attack on a computer system
- accuse
- To say someone did something wrong
- deny
- To say that something is not true
- claim
- A statement that something is true
- withdraw
- To take money out of an account
- freeze
- To stop money or an account being used
This plan comes from the Technology course in the Tuton library. Browse all free lesson plans.