Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
Source: The Guardian ·
Cryptocurrency exchange says withdrawals starting to resume on Sunday as FBI blames North Korean state-sponsored group TraderTraitorCryptocurrency 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,…
From the source
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”. Binance suspended user withdrawals after the hack, but said on Sunday that some had resumed and would be rolled out in phases to ensure stability. The announcement came as the FBI on Saturday confirmed earlier suspicions from private investigators and analysts that a North Korea-affiliated group called TraderTraitor was behind the hack. TraderTraitor is believed to be part of the Lazarus Group, which gained notoriety in 2014 when it was accused of hacking into Sony Pictures as revenge for The Interview, a film…
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