Cyber attacks
Binance says it has covered $6bn of $6.3bn stolen in hack; FBI says North Korean group behind crypto theft
Binance, the worlds biggest cryptocurrency exchange, said it has covered $6 billion of the $6.3bn stolen from its platform by using company money to buy replacement tokens, after a hack that US officials said was carried out by a North Korean state-sponsored unit known as TraderTraitor. “We had already covered $6B of the impacted amount of the hacked loss,” Binance said on X on Saturday, after saying earlier that it had covered 90 per cent of the stolen funds. The remaining amount, now less than 10pc, consists of assets that are less liquid and m