FBI blames North Korea for record $6.3 billion Binance hack; exchange replaces 90% of stolen funds

The FBI has blamed North Korea for the theft of $6.3 billion in cryptocurrency from Binance, calling it the work of a state-backed hacking group known as TraderTraitor. The attack, described as the biggest crypto heist in history, took place on Thursday and affected the world’s largest cryptocurrency exchange.

Binance said on Saturday that it had replaced 90% of the stolen assets using company funds and would cover the remaining losses. Co-CEO Richard Teng assured customers that they would not face any financial impact from the breach.