Business

Binance Covers 90 Percent of $6.3 Billion Stolen Funds

AI SUMMARY

Binance announced that it has covered approximately 90 percent of the $6.3 billion stolen during a massive cryptocurrency cyberattack.

Binance announced it has recovered or covered approximately 90% of the $6.3 billion worth of assets stolen in a recent security breach.
The remaining 10% of the stolen funds will take time to cover.
The breach occurred last Thursday and is considered one of the largest cryptocurrency heists in history.
The U.S. Federal Bureau of Investigation (FBI) attributed the cyberattack to North Korean hackers.
The state-sponsored North Korean hacking groups known as the 'Lazarus Group' or 'TraderTraitor' are the primary suspects.
Binance covered the stolen assets using various internal funds and its own treasury reserves.