YONHAP · 2026-11-12 19:40 UTC

Binance says all asset losses from N. Korea-linked cyberattack covered

Binance says it has completed covering all assets affected by an Oct. 29 cyberattack, committing more than $6.34 billion in company funds. Funds came from its SAFU user-protection fund, futures insurance fund and corporate treasury, with affected crypto acquired via market and OTC trades. Binance will replenish SAFU to about $1 billion; the FBI attributes the theft to North Korea-linked group TraderTraitor, which North Korea denies.

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