THE GUARDIAN · 2026-11-01 02:42 UTC

Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack

Binance says it has replaced 90% of the $6.3bn stolen in a hack, with withdrawals expected to resume Sunday; the remaining 10% consists of less liquid tokens. FBI confirmed North Korean state-sponsored group TraderTraitor, believed part of Lazarus Group, was behind the October 29, 2026 hack. Bitcoin dropped nearly 5%, Ethereum nearly 6%, and BNB nearly 10% following the hack announcement; Binance funded the replacement using its Secure Asset Fund for Users, Futures Insurance Fund, and corporate treasury.

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