Crypto Heist Exposes Foreign Threat, Binance Promises Refund
A $6.3bn hack tied to a North Korean-backed group shakes confidence, but Binance says most funds are recovered and withdrawals will resume.
For many voters the $6.3bn breach—described as a record hack—highlights the danger of foreign-backed cyber‑crime, especially after the FBI identified the perpetrators as a group backed by North Korea.
Binance says it has already replaced 90% of the stolen amount, while the remaining 10% is less liquid and may take longer to sell; the company's Co‑CEO stressed they are “committed to covering the remaining 10%” and that “users will not bear the financial impact of…”
The platform also announced that withdrawals are expected to resume on Sunday, a step that many see as a return to normalcy after the disruption.
Original reporting
The Guardian
Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
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…
Read the original →Al Jazeera
FBI blames North Korea for record $6.3bn crypto heist
Crypto firm Binance says it has covered 90 percent of losses from the multibillion-dollar hack.
Read the original →New York Post
FBI blames North Korea for stealing $6.3B from Binance in biggest crypto heist in history
The theft of billions of dollars from Binance within a matter of minutes, the biggest crypto heist in history, was orchestrated by North Korean hackers, the FBI said Saturday.
Read the original →
Facts this version was allowed to use
- Binance said it has replaced 90% of the amount stolen in a hack of its platform.
- The hack of Binance's platform was worth $6.3bn and was described by The Guardian as a record hack.
- The FBI identified the group behind the hack as backed by North Korea, naming it TraderTraitor, according to The Guardian.
- 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.
- Richard Teng, Co-CEO of Binance, said the company was "committed to covering the remaining 10%" and that "users will not bear the financial impact of…"
- Binance said withdrawals were expected to resume on Sunday, according to The Guardian.
- The FBI blamed North Korea for the $6.3bn crypto heist, according to Al Jazeera.
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