FBI says North Korea behind $6 billion crypto theft from Binance.
The post FBI says North Korea behind $6 billion crypto theft from Binance appeared first on Vanguard News .
Binance said Sunday that it had resumed withdrawals after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North Korea was responsible for.
Binance is the world’s largest crypto exchange by daily trading volumes.
News of the hacking attack, which is thought to be the biggest-ever crypto heist, caused the prices of most major cryptocurrencies to fall sharply on Friday. The company has offered reassurances it will cover the losses from the attack, saying it has used company funds to buy tokens to replenish 90 percent of what was stolen. Binance suspended user withdrawals after the attack but said they would be resumed in phases, the first of which began on Sunday. “First batch network now opened in phase one of withdrawals,” the exchange posted on X .
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.