Binance, the world’s largest cryptocurrency exchange, paused withdrawals this past week after a hack led to a massive theft of over $6 billion worth of crypto.
Blockchain intelligence firm TRM Labs, which called it the largest crypto theft on record, tied it to North Korea’s TraderTraitor group. The FBI also said Saturday that North Korea was responsible for the theft.
Binance said its users would not bear the losses and had had used company assets and insurance funds for 90% of the stolen assets, sparing users the losses. The company has said they plan to allow customer withdrawals to resume in phases beginning on Sunday.
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