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Home News Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
Cryptocurrency exchange says withdrawals starting 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...
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