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Binance Begins Restoring Withdrawals After FBI Attributes $6B Hack to North Korea
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance has started allowing users to withdraw funds again following a major hack that reportedly resulted in over $6 billion in losses. The FBI has attributed the attack to North Korean state-linked hackers. The exchange is gradually restoring services as it works to recover from one of the largest security breaches in crypto history.
WHY IT MATTERS
When you keep cryptocurrency on an exchange, the exchange holds your funds for you, similar to how a bank holds your money.
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SOURCES
- cryptopotato.com
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BNBExchange SecurityNorth Korea HackingBinanceFBI InvestigationCrypto Theft