FBI says North Korea behind $6 billion crypto theft from Binance
Summary
The FBI says North Korea was behind a more than $6 billion theft from Binance, the world’s largest crypto exchange. Binance has resumed withdrawals in phases and says it will fully cover the losses from the attack.
Key Points
- Binance resumed withdrawals in phases after a hack that stole more than $6 billion in virtual assets.
- The FBI said North Korea was responsible for the theft and linked it to the Pyongyang-affiliated TraderTraitor group.
- Binance said it has set aside more than $6.34 billion in company funds and used company money to replenish 90 percent of the stolen tokens.
- The hack sent major cryptocurrencies lower, with Bitcoin, Ethereum and BNB all falling sharply.
