---
title: "Crypto firm Binance covers 90% of losses: Timeline of Reports"
description: "Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit."
url: "https://allindia.news/running/9046995f5cc5/index.md"
canonical: "https://allindia.news/running/9046995f5cc5/"
updated: "2026-11-02T06:30:12+05:30"
language: "en-IN"
site: "AllIndia.news"
---

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.

1. Friday 30 October
2. 09:11 IST The Hindu [Binance crypto exchange confirms major hack, more than $2.5 billion frozen](https://allindia.news/s/9046995f5cc5) (original: https://www.thehindu.com/sci-tech/technology/binance-crypto-exchange-confirms-major-hack-more-than-25-billion-frozen/article71643509.ece)

For several hours before Binance confirmed the attack, several industry observers said hackers had managed to reach the platform

3. 10:45 IST BBC News [Crypto giant Binance hit by 'largest hack in history'](https://allindia.news/s/8c603b99be73) (original: https://www.bbc.co.uk/news/articles/cwg7xp8kx4v5o?at_medium=RSS&at_campaign=rss)

Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor.

4. 20:18 IST Mint [Crypto exchange Binance hacked: Biggest hack in history at $6.3bn? What went wrong? What initial investigations suggest?](https://allindia.news/s/c0a0ea2e29a5) (original: https://www.livemint.com/companies/crypto-exchange-binance-hacked-biggest-hack-in-history-at-6-3bn-what-went-wrong-what-initial-investigations-suggest-11793368607461.html)

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.

5. 23:09 IST BBC News [Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea](https://allindia.news/s/f23653153711) (original: https://www.bbc.co.uk/news/articles/cwe8lp7zy07zo?at_medium=RSS&at_campaign=rss)

The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.

6. Saturday 31 October
7. 21:33 IST NDTV Profit [Binance Hack: Crypto Exchange Says 90% Of Stolen Assets Replenished](https://allindia.news/s/e4782d83170d) (original: https://www.ndtvprofit.com/markets/binance-hack-crypto-exchange-says-90-of-stolen-assets-replenished-12264586#publisher=newsstand)

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.

8. 22:02 IST BBC News [Crypto firm Binance covers 90% of losses after $6.3bn hack](https://allindia.news/s/fd7df114ba65) (original: https://www.bbc.co.uk/news/articles/ckpdg3ql4169o?at_medium=RSS&at_campaign=rss)

Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit.