FBI says North Korea was behind the $6.3 billion Binance crypto hack

Crypto exchange Binance said Saturday it has been able to replace 90% of the amount stolen after a $6.3 billion hack of its platform that the FBI blamed on North Korea.

Binance said it was able to replace the funds taken in the record hack by using company money to buy new tokens.

The remaining 10% consists of tokens that are less liquid, meaning they may take longer to buy, it said in a statement posted on X.

"We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%. Our users will not bear the financial impact of this incident," co-CEO Richard Teng said on X.

Binance targeted with $6 billion crypto hack

Crypto prices fell Friday, while Binance — the world's biggest crypto exchange — sought to reassure customers that their funds were safe.

The FBI on Saturday said the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.

Members of the unit were observed by law enforcement converting stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding that it expects "further laundering" of the assets through the use of related technology.

Teng said Friday that the…

Original source: https://www.nbcnews.com/business