FBI blames North Korea for US$6 billion Binance crypto theft
· 50-word read
In 50 words
The FBI said on Saturday that North Korea was behind the theft of more than US$6 billion in crypto assets from exchange Binance on or about 29 Oct. Binance said it is using company funds to replace about 90% of the stolen assets and will cover the losses.
Why it matters
Binance is the world's largest crypto exchange by daily trading volume. According to DW, prices of most major cryptocurrencies fell after news of the hack.
Key dates
- 29 OctTheft from Binance takes place on or about this date, according to the FBI.
- 30 OctPrices of most major cryptocurrencies slump after news of the cyberattack.
- 31 OctThe FBI blames North Korea. Binance says it is using company funds to replace about 90% of the stolen assets.
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Sources
- Deutsche Welle (DW)View original →
