Cryptocurrency exchange Binance says it has replaced 90 per cent of the funds stolen in a record $6.3bn hack of its platform, an attack the US Federal Bureau of Investigation has attributed to a group backed by North Korea. Withdrawals are expected to resume on Sunday, the company said.
The remaining 10 per cent of the stolen tokens are less liquid, meaning they may take longer to buy, Binance said in a post on X on Saturday. Co-chief executive Richard Teng said separately that the company was « committed to covering the remaining 10% » and that « users will not bear the financial impact of this incident ».
The FBI has identified the group behind the attack as TraderTraitor, a North Korean state-sponsored actor. The attribution places the breach among the largest thefts linked to state-backed hackers in the cryptocurrency sector, and it has drawn attention to the ongoing use of digital theft by Pyongyang to raise funds.
For Binance, one of the world's largest cryptocurrency exchanges, the priority has been reassuring customers that their holdings are protected. By stating that users will not bear the financial loss, the company has committed to absorbing the shortfall rather than passing it on to account holders.
Residents of the Commonwealth of Dominica who use cryptocurrency platforms should keep in mind that exchange announcements about withdrawals and reimbursements are the authoritative updates on account access. Users are advised to rely on official company channels for information about when services will return to normal.
4
