Why was Binance hacked?

Can you explain what led to the recent hack of Binance, one of the largest cryptocurrency exchanges in the world? Were there any security vulnerabilities that were exploited, or were there other factors at play? How did the hackers gain access to the exchange's systems, and what measures has Binance taken to prevent similar incidents from occurring in the future? As a leading cryptocurrency exchange, it's crucial for Binance to maintain the trust of its users and ensure the safety of their funds.