Binance covers most losses after $6.3bn crypto hack

Crypto exchange Binance covered 90% of losses after a $6.3 billion hack that two analytics firms linked to a North Korean state-backed group, in what is being described as likely the biggest-ever cryptocurrency theft. The reports describe the attribution as intelligence-based and probable, not confirmed.

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Crypto firm Binance covers 90% of losses after $6.3bn hack

In brief

What the sources add

Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit.

Event intelligence

Binance North Korea-linked hack

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Earlier in this event Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea Earlier coverage

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Media reports

BBC 3h ago

Crypto firm Binance covers 90% of losses after $6.3bn hack

Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit.

PBS 4h ago

What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

Here's what we know about the hack, possible North Korean involvement and Binance's investigation.

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