Cryptocurrency exchange Binance announced it has covered approximately 90% of the losses from a massive $6.3 billion cyberattack. The company plans to resume withdrawals following the recovery of the bulk of the stolen funds.
The Federal Bureau of Investigation (FBI) has identified North Korea as the entity responsible for the record-breaking cyber heist. This incident has been described as one of the largest nightmares in the cryptocurrency sector.
A notorious hacker involved in the incident reportedly described holding the stolen crypto as akin to "holding a hot potato." This is a developing story and will be updated as details emerge.
