WorldCrypto

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

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 01/11/2026, 03:09:25 UTC.

Briefings

Binance confirmed a $6.3bn hack involving North Korea-backed group TraderTraitor, with 90% of stolen tokens replaced and the remaining 10% noted as less liquid. Co-CEO Richard Teng stated the company is committed to covering the remaining 10% and that users will not bear the financial impact. The FBI identified the group as state-sponsored. This update occurred on Saturday following a record loss event.

Key points

• Binance confirmed a $6.3bn hack involving North Korea-backed group TraderTraitor, with 90% of stolen tokens replaced and the remaining 10% noted as less liquid.
• Co-CEO Richard Teng stated the company is committed to covering the remaining 10% and that users will not bear the financial impact of this incident.

Context

This finding is significant as it identifies the North Korean state-sponsored group TraderTraitor as the source of a record $6.3bn cryptocurrency exchange hack, with Binance replacing 90% of stolen tokens and promising to cover the remaining 10% for users.

Limitations

Evidence is limited to Binance's and FBI's statements; specific timelines for token replacement are not fully detailed, and the extent of user financial impact beyond the stated commitment remains partially unspecified.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 01/11/2026, 03:20:28 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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