$6.3bn Crypto Theft: Binance gives fresh update as Trump seeks FBI probe
Amid a wave of complaints from users, cryptocurrency platform Binance, at the weekend, provided an update on the $6.3 billion worth of cryptocurrency stolen in a historic hack following remarks by United States President Donald Trump. In a statement on X on Saturday, Binance said it had used the company's funds to purchase tokens to […] $6.3bn Crypto Theft: Binance gives fresh update as Trump…
Cryptocurrency platform Binance offered an update on the $6.3 billion worth of crypto stolen in a major hack following remarks by U.S. President Donald Trump. The company disclosed that it utilized its own funds to replenish 90% of the stolen assets, while the remaining 10% are "less liquid" and may take longer to secure. Binance remains committed to covering the financial impact of the stolen funds.
The attack is believed to be linked to North Korea, and as a result, prices for major cryptocurrencies dropped. Following the breach, Binance halted user withdrawals, but the platform expects them to resume by Sunday. This update comes after Trump announced on Friday that the U.S. is investigating the incident, and the FBI is collaborating with public and private entities to assess the full extent of the cyberattack.
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