Binance covers losses after record hack while confidence is tested
The exchange says it replenished 90–95% of $6.3bn losses, reopened withdrawals in phases, and was linked by the FBI to North Korea’s TraderTraitor group.
Binance suffered a $6.3bn hack, froze activity, then reopened withdrawals in phases while replacing roughly 90–95% of the loss from its own funds; users pulled about $3.6bn as services returned, an...