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Crypto firm Binance covers 90% of losses after $6.3bn hack

BBC News October 31, 2026 11 views
Crypto firm Binance covers 90% of losses after $6.3bn hack

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Binance has announced that it will cover 90 % of the losses suffered by customers following a $6.3 billion hack that targeted the cryptocurrency exchange.

Two analytics firms have said they possess robust intelligence that points to a North Korean state‑backed group as the likely culprit behind the cyber‑attack.

Binance is one of the world’s largest cryptocurrency exchanges, and the incident has prompted a significant response from the company to protect its users.

North Korea has been linked to a number of high‑profile

<small>Source: BBC News — read the original story there.</small>

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