North Korea denies role in Binance heist as customers withdraw billions
Pyongyang says allegations linking North Korea to the biggest crypto heist in history are "nothing new" from the US.
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Pyongyang says allegations linking North Korea to the biggest crypto heist in history are "nothing new" from the US.
North Korea rejected U.S. allegations linking it to the Binance hack as blockchain researchers traced billions in stolen cryptocurrency across networks.
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Binance said the net outflow from the cryptocurrency exchange represents just 2.1% of its total holdings.
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Net withdrawals from the platform reached $4.7 billion by Monday morning in London, according to a Binance spokesperson.
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The world's biggest cryptocurrency exchange has moved to reassure crypto investors and said withdrawals were stabilising after an initial spike.
Binance recorded $3.64 billion in net outflows after resuming withdrawals following a $6.3 billion hack, representing 2.1% of its total assets.
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The bureau said in a statement that the attack was tied to "malicious cyber activity" by an entity known as TraderTraitor, the same actors behind a $1.5 billion Bybit hack last year.
The cryptocurrency exchange said it's now covered 95% of the stolen assets.
<img align='right' src='https://images.jpost.com/image/upload/f_auto,fl_lossy/q_auto/c_fill,g_faces:center,h_2613,w_4000/536525' alt=' A representation of the cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. (photo credit: REUTERS/DADO RUVIC/ILLUSTRATION)' title=' A representation of the cryptocurrency is seen in fro
US tech billionaires like Marissa Mayer and Mark Zuckerberg have set their sights on our personal lives. Yet don’t seem to experience being human the way the rest of us do.
The FBI said the theft was tied to "malicious cyber activity" by an entity known as TraderTraitor, the same actors behind a $1.5 billion Bybit hack last year.
NEW YORK - The FBI on Saturday accused North Korea of stealing more than $6 billion in virtual assets from the cryptocurrency exchange Binance in what is thought to be the biggest-ever crypto heist.
Binance has said it will cover about 90% of the loss and plans to restore withdrawals, making progress on a pledge to fully reimburse customers.
This week’s $6.3 billion hack of Binance is the largest to hit crypto, and would be the most that North Koreans have stolen in years of brazen cybercrime.
A federal judge in Florida has tossed a revised version of President Donald Trump’s $10 billion defamation suit against The Wall Street Journal over a story about a birthday card he allegedly sent Jeffrey Epstein more than two decades ago.
Binance uses company funds to replace 90% of the US$6.3 billion stolen in a hack and says user withdrawals stay on track to resume Sunday.
The FBI on Saturday said the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.
UPDATED: A federal judge has again dismissed Donald Trump’s $10 billion defamation lawsuit against The Wall Street Journal over its reporting on a letter sent to Jeffrey Epstein for his birthday in 2003. U.S. District Judge Darrin P. Gayles wrote in his opinion that Trump’s lawsuit “falls short of pleading actual malice. Indeed, the allegations […]
The funding round is still in progress and has not closed, so the figures are subject to change, a person directly familiar with the deal told CNBC.
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Here are five things to know about the massive hack of the crypto exchange Binance — from how it happened to what it means for the sector.
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Cryptocurrency exchange Binance said on Saturday that it has been able to cover 90 per cent of the amount stolen in an unprecedented hack on its platform. In an update on its website, Binance said the amount to cover the stolen funds would come out of three sources: a partial use of the Secure Asset Fund for Users; a portion of the Futures insurance f
Binance says it has restored backing for 90% of assets affected by its $6.3 billion hack and resumed phased withdrawals.
A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.
Two high-profile security incidents this week, including the largest crypto theft in history, have raised custody and safety concerns.
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