FBI · North Korea · CNBC Technology
Binance confirms 90% of $6.3 billion hack losses are now covered, intends to resume withdrawals Sunday
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Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday.
Key facts
- Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday
- All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed 100%," Binance said in a statement
- CNBC's Jenny Lee, Liz Napolitano and Davis Giangiulio contributed to this report
- The exchange said the outstanding 10% consists of tokens outside its top 10 that are "less liquid, which means they may take longer to source in the required amounts
Summary
Separately, the FBI said late Saturday that it has determined North Korea was responsible for the theft. Binance said it will continue to buy the remaining relevant token assets through market and over-the-counter channels until the covered amount reaches 100% for all tokens. "All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed 100%," Binance said in a statement. The exchange said the outstanding 10% consists of tokens outside its top 10 that are "less liquid, which means they may take longer to source in the required amounts.