Binance Covers 90% of Losses from Major Hack Attributed to North Korea by FBI
In the United States, crypto firm Binance is covering 90% of losses from a significant hack, while the FBI attributes the breach to North Korea.
Sioux Falls, SD, October 31, 2026 — Binance, a prominent cryptocurrency exchange, is reportedly covering 90% of the financial losses resulting from a significant security breach. The FBI has attributed this breach to actors linked with North Korea.
The exact amount of the losses and the specific cryptocurrencies affected by the hack were not disclosed in the provided information. Details regarding the timeline of the breach or when it occurred are also not available. It remains unclear which specific entities or users incurred these losses.
The Federal Bureau of Investigation (FBI) has indicated that the cyberattack is associated with North Korea. However, the specifics of the FBI’s investigation, including the evidence or methods used to attribute the hack to North Korean operatives, have not been made public.
Binance’s decision to cover 90% of the losses represents a substantial commitment to its users following the security incident. Further details about the operational impact on Binance and any subsequent security enhancements are not yet available. The full percentage of losses covered by Binance is 90%, with the remaining 10% status not specified.
Story summarized from the original created by SignalNews Network on www.bbc.co.uk, see more information here.
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