{
  "id": 17582866,
  "title": "Crypto firm Binance covers 90% of losses after $6.3bn hack",
  "url": "https://urgent.news/2026/11/01/crypto-firm-binance-covers-90-of-losses-after-6-3bn-hack-17582866",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T09:28:06.000Z",
  "source": {
    "name": "BBC Business",
    "slug": "bbc-business",
    "url": "https://www.bbc.co.uk/news/articles/ckpdg3ql4169o?at_medium=RSS&at_campaign=rss"
  },
  "original_language": "en",
  "account": "Crypto exchange Binance has covered 90% of the $6.3 billion stolen in a major hack that occurred on Thursday, according to the company. The remaining 10% may take longer to recover, Binance added. The company has set aside more than $6.34 billion in funds to cover these losses, which are suspected to be the largest in cryptocurrency history, surpassing a previous $1.5 billion heist. Binance stated that it will absorb the financial impact of the theft, rather than pass it on to its users. Withdrawals have been restored on several of Binance's networks after being suspended following the hack, and the Federal Bureau of Investigation (FBI) has identified North Korea as the responsible party. The FBI observed hackers converting stolen assets into Ethereum, which they expect to convert again using decentralized finance and instant swap services.",
  "summary": "The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Island Sri Lanka",
        "title": "Crypto firm Binance covers 90% of losses after $6.3bn hack",
        "url": "https://urgent.news/2026/11/01/crypto-firm-binance-covers-90-of-losses-after-6-3bn-hack",
        "published": "2026-11-01T01:51:52.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Binance’s US$6b crypto heist: Five things to know about North Korea’s TraderTraitor hackers",
        "url": "https://urgent.news/2026/11/01/binances-us-6b-crypto-heist-five-things-to-know-about-north-koreas",
        "published": "2026-11-01T05:38:24.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Crypto firm Binance covers 90% of losses after $6.3bn hack",
        "url": "https://urgent.news/2026/11/01/crypto-firm-binance-covers-90-of-losses-after-6-3bn-hack-17563575",
        "published": "2026-11-01T08:17:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}