FBI says North Korea behind US$6bil crypto theft from Binance
Binance said it had used company funds to replenish 90% of the stolen assets and would gradually restore withdrawals after the US$6 billion hack.
Binance, the world's largest cryptocurrency exchange, reported that over US$6 billion worth of virtual assets were stolen in a significant hack, with North Korea being identified as the perpetrator by the FBI. The exchange halted user withdrawals following the attack but stated they would resume in stages, with the initial phase commencing on Sunday.
Binance reassured its users that it had allocated resources to cover the losses, using company funds to replenish 90% of the stolen assets. The FBI acknowledged North Korea's involvement in the hack and advised entities to block transactions with addresses linked to the responsible group, TraderTraitor. TraderTraitor, associated with the Lazarus Group, was also implicated in a previous major hack involving Bybit.
The incident caused a sharp decline in the prices of major cryptocurrencies, with Bitcoin and Ethereum suffering significant losses.
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- FBI says North Korea behind US$6bil crypto theft from Binance freemalaysiatoday.com
