The Guardian
Binance says 90% of $6.3bn theft replaced; FBI blames North Korea-backed group
Binance says it has replaced 90% of the $6.3bn stolen in a hack. The FBI attributes the attack to North Korea-backed TraderTraitor. Binance says the remaining tokens are less liquid and may take longer to buy. Co-CEO Richard Teng pledged to cover the balance without passing losses to users. Withdrawals are expected to resume on Sunday.
What to know
- 01
Binance says the remaining 10% consists of less-liquid tokens that may take longer to purchase.
- 02
Withdrawals are expected to restart on Sunday, and Richard Teng has pledged to cover the outstanding amount.
Why it matters
For users, the update centers on progress in replacing stolen funds, who bears the losses and the expected resumption of withdrawals.
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