Cryptocurrency exchange says withdrawals expected to resume on Sunday as FBI blames North Korean state-sponsored group TraderTraitor Cryptocurrency exchange Binance says it has replaced 90% of the amount stolen after a record $6.3bn hack of its platform by a group the FBI identified as being backed by North Korea. The remaining 10% of tokens are less liquid, meaning they may take longer to buy, the company said in a post on X on Saturday. Co-CEO Richard Teng said separately that the company was “committed to covering the remaining 10%” and that “users will not bear the financial impact of this incident”. Continue reading...
Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
Source: The Guardian
Original reporting
The Guardian: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
- Who could be behind the Binance hack and what we know so far
- What we know about Binance's $6.3bn hack
- Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea
- Why North Korea's 'elite' hackers are the prime suspect in major Binance hack
- Crypto firm Binance covers 90% of losses after $6.3bn hack
- Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
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