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Binance Covers 90% of $6.3B North Korea Hack Losses, FBI Names TraderTraitor

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Binance Covers 90% of $6.3B North Korea Hack Losses, FBI Names TraderTraitor

Here is what the page “Binance Covers 90% of $6.3B North Korea Hack Losses, FBI Names TraderTraitor” contains. Binance has replaced 90% of the funds stolen in a record $6.3 billion cryptocurrency hack, the exchange announced on Saturday, while the FBI attributed the attack to TraderTraitor, a North Korean state-sponsored hacking group. The remaining 10% of stolen tokens are less liquid and may take longer to The remaining 10% of stolen tokens are less liquid and may take longer to repurchase, but co-CEO Richard Teng said the company is committed to covering the full amount and that users will not bear any financial impact.

Withdrawals are expected to resume on Sunday as the platform restores normal operations. The incident marks the largest crypto exchange hack to date, underscoring the growing threat posed by state-backed cybercriminals to the digital asset industry. For the complete material, the listing points back to the source inside the network.

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