Binance Covers 90% of Losses From $6B Hack, Plans Sunday Withdrawals

g1.globo.com (Portuguese) —

Binance announced Saturday it has covered 90% of losses from a hacker attack that stole over $6 billion, pledging to use its own resources to compensate clients and resume withdrawals Sunday. The exchange said ten cryptocurrencies, including bitcoin and ether, are fully covered, with the remaining 10% involving less-traded assets that are harder to repurchase. Binance is using emergency funds, insurance reserves, and company cash to restore full value. The Thursday attack is the largest in crypto history, with US firms linking it to North Korean hackers, though Binance says its investigation is ongoing. Bitcoin rose slightly Saturday after Friday's decline.


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