Binance Covers 90 Percent of Losses From $6.3 Billion Hack, Plans Sunday Restart

LONDON PSqure Daily Correspondent

Cryptocurrency exchange Binance has restored backing for 90 percent of the assets compromised in a $6.3 billion cyberattack. With the bulk of the financial losses now covered, the firm is preparing to restore access for its users.

Client withdrawals are slated to resume this Sunday. The planned reopening is pending final security checks to ensure the system is secure before allowing individuals to move their funds.

The Federal Bureau of Investigation has determined that North Korea was responsible for carrying out the multibillion-dollar breach.

Read the full report with related stories: https://psqure.com/story/15887d66-14f8-4d42-938f-24ea8f8a6aa9

Covered by

• CNBC
• BBC World

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