Business & Economy

Investors pull billions in funds from Binance after record $6.3bn hack

Source: Business | The Guardian · Published

Investors pull billions in funds from Binance after record $6.3bn hack
Source: Business | The Guardian

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

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 platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history. Experts identified North Korea as the probable culprit .

Continue reading...

Read Original Source
How crypto hacking funds isolated North Korea’s nuclear programme
World News

How crypto hacking funds isolated North Korea’s nuclear programme

Cryptocurrency theft is estimated to generate half of the country’s foreign currency income North Korea plays by its own rules. The isolated, secretive and autocratic country is largely cut off from the world’s economic system – but when it comes to generating foreign earnings it

World news | The Guardian ·

Binance resumes customer withdrawals after record $6.3bn hack
World News

Binance resumes customer withdrawals after record $6.3bn hack

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. T

World news | The Guardian ·