Binance covers 90% of losses from $6.3bn hack, likely North Korean group

bbc.co.uk —

Binance, the world's largest cryptocurrency exchange, says it has covered 90% of the $6.3bn assets stolen in a hack on Thursday, with the remaining 10% potentially taking longer to source. The company has pledged to absorb 100% of the losses from the suspected record-breaking hack, setting aside over $6.34bn in corporate funds. It has replenished assets including bitcoin, ethereum, and Tether, and aims to resume withdrawals on Sunday. Two analytics firms report robust intelligence pointing to a North Korean state-backed group as the likely culprit. The theft eclipses the previous record of a $1.5bn heist on Bybit in 2025.


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