BBC News
Binance shoulders 90% of losses from $6.3bn hack
Cryptocurrency firm Binance has covered 90% of the losses following a hack involving $6.3 billion. Two analytics companies say they have strong intelligence that points to a group backed by the North Korean state as the likely perpetrator of the attack.
Source published: Brief prepared:
What to know
- 01
Binance covered 90% of the losses associated with a $6.3 billion hack.
- 02
Two analytics companies cite strong intelligence suggesting that a North Korean state-backed group likely carried out the attack.
Why it matters
The report is relevant to cryptocurrency security because it combines substantial loss coverage with analysts’ assessment of possible state-backed involvement.
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