Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
- 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”.
Unverified
- 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”.
Sources: Guardian