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Binance resumes withdrawals after $6bn crypto hack

Punch's headline. Reported by Punch.

File picture: DeStrangeImages via Wikimedia Commons, CC BY-SA 4.0

What Punch reported

Binance said Sunday that it had resumed withdrawals after a major hack that affected more than $6 billion in funds. Binance, which is the world’s largest crypto exchange by daily trading volume, had suspended user withdrawals after the attack. “First batch network now opened in phase one of withdraw

The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.

Binance resumes withdrawals after $6bn crypto hack. Binance said Sunday that it had resumed withdrawals after a major hack that affected more than $6 billion in funds. Binance, which is the world’s largest crypto exchange by daily trading volume, had suspended user withdrawals after the attack. “First batch network now opened in phase one of withdraw Covered by 1 publications. Punch: Binance resumes withdrawals after $6bn crypto hack.

Who is covering it

  1. Punch Nigeria Binance resumes withdrawals after $6bn crypto hack Binance said Sunday that it had resumed withdrawals after a major hack that affected more than $6 billion in funds. Binance, which is the world’s largest crypto exchange by daily trading volume, had suspended user withdrawals after the attack. “First batch network now opened in phase one of withdraw 3 h ago · Tier 3

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

More from Nigeria

File picture: Nminow via Wikimedia Commons, CC BY-SA 3.0
Breaking Business · Crypto 3 publications

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

File picture: Shiraz Chakera via Wikimedia Commons, CC BY-SA 2.0
Business · Crypto 5 publications

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