Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack

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Binance says it has replaced about 90% of the $6.3 billion in cryptocurrency stolen in a hack and will cover the remaining losses, while withdrawals are expected to resume. The FBI attributed the attack to TraderTraitor, a North Korean state-sponsored group.

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...