Authorities freeze $2.7 billion stolen from Binance
Federal agents blocked the funds after North Korean hackers stole $6.3 billion. Binance says it covered all customer losses from the October attack.
Federal authorities and private partners have frozen more than $2.7 billion in cryptocurrency stolen from Binance. Binance, the world's largest cryptocurrency exchange, says it has fully covered all assets affected by the breach. Richard Teng, the co-CEO of Binance, stated that customers will not bear any losses.
The company says the attack began when a fraudulent job interview compromised an employee's computer. Hackers then used that access to move funds through internal systems. Officials have now obtained court authorization to seize or restrain more than $1.2 billion of the stolen assets.
Investigators continue to trace the remaining funds as hackers attempt to move them through various exchanges and mixing services.
About Binance
Cryptocurrency exchange
- Founded
- 2017by Changpeng Zhao
- Based in
- United Arab Emirates
- Chief executive
- Yi He
From Wikipedia. Figures can be a year or two old.
Figures as reported by Fox Business.
