KHALEEJ TIMES · 2026-11-01 04:30 UTC

Binance says it has covered $6 billion of $6.3 billion stolen in hack

Binance covered $6 billion of $6.3 billion stolen in a hack attributed by the FBI to North Korean state-sponsored unit TraderTraitor. The exchange used $1 billion from its SAFU reserve, Futures Insurance Fund, and corporate treasury to buy replacement tokens, with 50% of SAFU to be replenished. Binance planned to reopen withdrawals on Sunday and said remaining 10% of stolen assets are less liquid and harder to source.

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