Binance allocates $6.34 billion to cover losses from crypto hack

First reported by PYMNTS at · Updated · 16 sources

The theft involved an estimated $6.3 billion, making it the largest cryptocurrency hack on record. Tracking firms TRM and Chainalysis linked the attack to North Korea’s TraderTraitor group. President Trump said his administration was investigating but had not determined whether North Korea was responsible, according to The Hill.

  • Industry partners froze another $3 billion in affected assets, according to The Block.

Covered by 16 publishers within 44 hours of the first report.

Reporting16

PYMNTS Hackers Steal $6.3 Billion From Binance in Record Crypto Heist · PYMNTS
Fortune Security experts are already wondering if North Korea is behind the $6.3 billion Binance heist · Eleanor Pringle
The Verge Binance hackers stole $6.3 billion in record-breaking crypto heist · Jess Weatherbed
TechRadar Binance hit by 'largest crypto theft on record' as North Korean hackers steal $6.3bn in just 20 minutes · Sead Fadilpašić
Ars Technica Hackers steal $6.3 billion from Binance in record crypto heist · Nikou Asgari, Financial Times
TechCrunch North Korean hackers blamed for stealing record $6.3B in Binance breach · Zack Whittaker
PCMag North Koreans Likely Behind Binance Hack, Now the Largest Crypto Heist
Bloomberg Binance Hack: How Do Hackers Steal Crypto? Can the Funds Be Recovered? · Suvashree Ghosh
The Guardian North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’ · Dan Milmo and Kalyeena Makortoff
Financial Times $6.3bn in 30 minutes: how the world’s biggest heist unfolded
SiliconANGLE Hackers steal $6.3B from Binance in biggest-ever crypto heist · Maria Deutscher
New York Post How North Korea’s ruthless state sponsored hackers, main suspects in the $6.3B Binance heist, operate · Vivi Lin
BBC Why North Korea's 'elite' hackers are the prime suspect in major Binance hack
The Economic Times Crypto exchanges call for quick moves to bolster defenses after Binance heist
Cyber Security News FBI Confirms North Korean Hackers Responsible for $6 Billion+ Binance Attack · Guru Baran
The Hacker News FBI Links North Korea's TraderTraitor to Record $6.43 Billion Binance Crypto Heist · info@thehackernews.com (The Hacker News)

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Topics Crypto