Binance said it had now covered 95% of the stolen assets. It said after an initial spike, withdrawals were stabilizing
Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets.
The original cryptocurrency rose about 1% Monday, trading around $78,300 at 1 p.m. in Singapore
The remaining amount, now less than 10%, consists of assets that are less liquid and may take longer to source in the required amounts, according to Binance
While Binance has said it will cover customer losses, the attack has drawn attention to vulnerabilities in the systems exchanges use to authorise and process transactions
Binance says it has restored backing for 90% of assets affected by its $6.3 billion hack and is planning to resume withdrawals, subject to security checks.
Two high-profile security incidents this week, including the largest crypto theft in history, have raised custody and safety concerns.
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds
The US agencies are coordinating with private-sector partners to assess the breach and recover stolen funds, while Binance pledged to cover all losses
Following a record $6.3 billion hack of Binance, rival crypto exchanges like Coinbase and Kraken are bolstering defenses and urging better information-sharing as the industry integrates with mainstrea
Around 90% of stolen cryptocurrency assets following a hack on a major exchange has been replenished, according to Binance.
Binance has pledged to cover customer losses while Trump has questioned whether Pyongyang is responsible The US Federal Bureau of Investigation (FBI) has accused North Korean hackers of stealing...
The hackers use AI to seek out high-value crypto businesses to compromise.
The theft of billions of dollars from Binance within a matter of minutes, the biggest crypto heist in history, was orchestrated by North Korean hackers, the FBI has said. The bureau said in a...
KIM Jong-un's shady cyber pirates are feared to be beefing up their skills as experts warn North Korea could become the first hacking superpower. The notorious Lazarus Group masterminded the...
The theft of billions of dollars from Binance within a matter of minutes, the biggest cryptocurrency heist in history, was orchestrated by North Korean hackers, the FBI said on Saturday. The...
The US president said Washington was investigating whether North Korean hackers were behind the record cryptocurrency theft, as Binance said about $3 billion of the stolen assets had been frozen
The exchange froze transactions following the incident which has been linked to a North Korean group.
The FBI has urged cryptocurrency platforms to prevent stolen funds from moving through digital asset networks and services used to conceal their origins.
The FBI said a North Korea-linked hacking group, known as TraderTraitor, was responsible for stealing more than $6 billion in virtual assets from Binance.
Binance resumes Bitcoin and Ether withdrawals after a $6.3 billion crypto hack linked by the FBI to North Korea, covering 95% of the stolen funds.
The heist, which the FBI has tied to North Korea and analysts believe may be the biggest financial robbery ever, adds to a string of recent crypto thefts
The FBI said in a statement that this week's attack was tied to "malicious cyber activity" by an entity known as TraderTraitor, the same actors behind a $1.5 billion Bybit hack last year.
The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack.
Crypto exchange Binance said on Saturday it has been able to replace 90 per cent of the amount stolen after a record $6.3-billion US hack of its platform. The FBI on Saturday said the North...
This week’s $6.3 billion hack of Binance is the largest to hit crypto, and would be the most that North Koreans have stolen in years of brazen cybercrime.
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.