Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
Executive Intelligence Dispatch
Cryptocurrency exchange Binance has suffered a record $6.3bn hack, with 90% of losses covered, and the FBI blaming a North Korean state-sponsored group for the attack.
Key Facts & Findings
- —$6.3bn
- —90% of losses covered
- —FBI blames North Korean group
“Cryptocurrency exchange Binance says withdrawals expected to resume on Sunday”
The attack highlights the vulnerability of cryptocurrency exchanges to cyber threats and the potential for state-sponsored hacking.
Binance is expected to resume withdrawals on Sunday
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Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
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Reporting: The Guardian • Synthesis & Multi-Source Indexing: Lanka Dispatch Wire Desk