Crypto ‘scammers on overdrive’ as Binance customers pull billions from accounts after $6.3bn hack – business live
Cryptocurrency exchange has begun to allow withdrawals after theft believed to have come from North Korea Investors have pulled $3.6bn (£2.7bn) in funds from the cryptocurrency exchange Binance as it recovers from a record hack in which billions were stolen from customer accounts.
- The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack.
- Rolling coverage of the latest economic and financial news Yi He, co-founder of Binance, has said that its top priority is to “ensure the environment is secure, after which users can withdraw their funds and Binance can resume operations.” She rejected comparisons with collapsed rival FTX, writing on X: Every action has a motive.
- The platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history.
Cryptocurrency exchange says 90% of losses covered as FBI blames North Korean state-sponsored group TraderTraitor The cryptocurrency exchange Binance has started to allow its customers to withdraw their funds from the platform, as it recovers from a record $6.3bn (£4.7bn) hack.
- There is no real operation, no one comes out to explain what happened, and it is even less possible for withdrawals to….
- As for how much money was actually in the account and where it went, there is no way to know.
- These kinds of closures happen without any warning—they just disappear.
- Experts identified North Korea as the probable culprit.
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