Crypto firm Binance covers 90% of losses after $6.3bn hack
BBC Business's headline. Reported by BBC Business, BBC News, The Guardian UK, BBC News World, MyJoyOnline.
What BBC Business reported
The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack.
The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.
Crypto firm Binance covers 90% of losses after $6.3bn hack. The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack. Covered by 5 publications. BBC Business: Crypto firm Binance covers 90% of losses after $6.3bn hack. BBC News: Crypto firm Binance covers 90% of losses after $6.3bn hack. The Guardian UK: Crypto firms freeze more than $3bn in funds as Binance investigates potential hack. BBC News World: Crypto firm Binance covers 90% of losses after $6.3bn hack. MyJoyOnline: Crypto firm Binance covers 90% of losses after $6.3bn hack.
Who is covering it
- BBC Business United Kingdom Crypto firm Binance covers 90% of losses after $6.3bn hack The Federal Bureau of Investigation (FBI) says North Korea was responsible for the hack. 8 h ago · Tier 1
- BBC News United Kingdom Crypto firm Binance covers 90% of losses after $6.3bn hack Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit. 31 Oct · Tier 2
- The Guardian UK United Kingdom Crypto firms freeze more than $3bn in funds as Binance investigates potential hack World’s largest crypto exchange said it had not confirmed whether funds had been pilfered Binance, the world’s largest cryptocurrency exchange, said on Thursday it is investigating reports of a potential security issue as its founder said the incident “does look like a hack on Binance”. The company 30 Oct · Tier 2
- BBC News World United Kingdom Crypto firm Binance covers 90% of losses after $6.3bn hack Two analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprit. 31 Oct · Tier 2
- MyJoyOnline Ghana Crypto firm Binance covers 90% of losses after $6.3bn hack Binance, the world's largest cryptocurrency exchange, says it has covered 90% of the $6.3bn (£4.7bn) assets stolen in a hack on Thursday. 9 h ago · Tier 3
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
More from Business
Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
According to The Guardian, cryptocurrency exchange Binance says it has replaced 90% of the amount stolen in a record $6.3bn hack of its platform. The Guardian reported that Binance expects withdrawals to resume on Sunday. The FBI has identified the group behind the hack as North Korean state-sponsored group TraderTraitor, according to the same reporting. The three Guardian editions surveyed (UK, World and Business) carry the same core account, with the Business edition describing withdrawals as starting to resume. The sources supplied do not include further detail on the hack's mechanics or the wider impact. Summary from 3 sources
Sources differ: The Guardian Business edition says withdrawals are starting to resume on Sunday, while the UK and World editions say they are expected to resume.
Summary from 3 sources The Guardian Business first
Hackers steal $6 billion from Binance in biggest crypto heist in history
According to The Times of India, Binance lost approximately $6.3 billion in a heist traced to a compromised engineer's laptop, and the exchange has paused withdrawals. Al Jazeera English reported Binance said $6.3bn was stolen and linked the theft to North Korean hackers. The Verge reported Binance disclosed $6.3 billion in stolen funds, said user funds are safe, and that around $3 billion of the affected assets were in the process of recovery. Nairametrics put the figure at more than $6 billion, citing investigators who described it as the biggest crypto theft in history. The sources differ on the exact amount, with figures of $6 billion and $6.3 billion reported. The story is developing. Summary from 5 sources
Sources differ: Nairametrics reports more than $6 billion stolen, while The Times of India, Al Jazeera English and The Verge report $6.3 billion.
Summary from 5 sources Nairametrics first also Al Jazeera English, The Verge, The Times of India, ThisDay
FBI accuses North Korea of $6 billion crypto theft from Binance
FBI confirms earlier suspicions that a North Korea-affiliated group called TraderTraitor was behind the hack. Excerpt, Le Monde in English
Source Le Monde in English also TASS, The Jerusalem Post, Vanguard