Running story, World
Crypto firm Binance covers 90% of losses after $6.3bn hack
What we know so far: 6 reports from 4 outlets, first at 30 Oct, 09:11 IST, latest at 31 Oct, 22:02 IST. Headlines and summaries are quoted from each outlet, oldest first; each links to the original report.
- Friday 30 October
- The HinduBinance crypto exchange confirms major hack, more than $2.5 billion frozen
For several hours before Binance confirmed the attack, several industry observers said hackers had managed to reach the platform
- BBC NewsCrypto giant Binance hit by 'largest hack in history'
Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor.
- MintCrypto exchange Binance hacked: Biggest hack in history at $6.3bn? What went wrong? What initial investigations suggest?
Binance is investigating a reported $6.3 billion crypto theft, potentially the biggest financial heist, with early findings pointing to North Korea-linked hackers. The exchange has frozen withdrawals, is tracing stolen assets and says customer funds are safe.
- BBC NewsCrypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea
The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.
- Saturday 31 October
- NDTV ProfitBinance Hack: Crypto Exchange Says 90% Of Stolen Assets Replenished
Binance says 90% of assets stolen in the $6.3 billion security breach have been replenished, with the exchange using SAFU reserves, insurance funds and corporate treasury to cover losses.
- BBC NewsCrypto 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.